Tag: netflix issues
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Netflix issues weak fourth-quarter forecast, shares drop
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell more than 5 per cent to $68.69 in after-hours trading.
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Netflix issues weak fourth-quarter forecast as company seeks to kick-start growth
LOS ANGELES, Oct 20 : Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 7 per cent to $63.99 in after-hours trading. The sto
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