Netflix Stock Drops 8% Despite Earnings Beat and Super Subscriber Growth: 6 Metrics You Should See
Netflix (NASDAQ: NFLX) stock dropped by 8.1% in after-hours trading on Wednesday following the release of its second-quarter results. That sell-off can be attributed to investors' disappointment that the company missed Wall Street's consensus revenue expectation, and that its third-quarter revenue guidance came in weaker than analysts had been anticipating.
On the positive side, the video streaming leader's earnings easily exceeded analysts' consensus estimate, as did Q3 bottom-line guidance. And paid net subscriber additions crushed the Street's expectation.
Here's an overview of Netflix's second-quarter results and third-quarter guidance, centered on six key metric categories.
Source Fool.com
Netflix Inc. Stock
€615.60
1.220%
Currently there is a rather positive sentiment for Netflix Inc. with 82 Buy predictions and 9 Sell predictions.
However, we have a potential of -2.7% for Netflix Inc. as the target price of 599 € is below the current price of 615.6 €.
