Tag: netflix earnings
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Netflix earnings forecast disappoints Wall Street, shares tumble
LOS ANGELES, July 16 : Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours reports as the company seeks new avenues of growth.Shares of Netflix fell nearly 8.6 per cent in after-hours trading to $67.99.
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Netflix earnings forecast disappoints investors, shares tumble
LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of information it discloses on viewing hours as the streaming video pioneer seeks new avenues of growth in a competitive media landscape.
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