Netflix (NFLX) Slammed On Loss of Subscribers in Q3, Q4 Looks Weak
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Price: $79.59 -0.69%
Financial Fact:
General and administrative: 153.17M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
General and administrative: 153.17M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Netflix, Inc. (Nasdaq: NFLX) is under heavy pressure following Q3 results, which included a loss of 810K domestic subscribers. For Q4, the company said they expect U.S. subscribers will only be "slightly up."
Netflix sees Q4 EPS of 36-70 cents, much worse than the $1.09 the Street is looking for. Sees domestic streaming subscribers of 20-21.5 million and domestic DVD subscribers of 10.3-11.3 million.
Shares of Netflix are down 14 percent.
Netflix sees Q4 EPS of 36-70 cents, much worse than the $1.09 the Street is looking for. Sees domestic streaming subscribers of 20-21.5 million and domestic DVD subscribers of 10.3-11.3 million.
Shares of Netflix are down 14 percent.
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