Why Netflix Looks Set to Surge Past Guidance Again
Netflix (NASDAQ: NFLX) is set to report second-quarter earnings on July 16, and the news could lift the streaming platform's per-share price even further past the all-time high it just hit above $500.
Investors seem to be sensing that the second quarter may top the company's guidance back in April, following a first quarter that smashed all previous records.
Back in its first-quarter report, the company called for 7.5 million new subscribers in the second quarter, a significant deceleration from the 15.8 million it added in the first quarter, and more in line with its pre-pandemic growth pace, though the second quarter is a seasonally slower period.
Source Fool.com
