YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Netflix's stock was down by more than 5% in after-hour trading yesterday after the company reported worse-than-expected quarterly global subscriber additions.
The company recorded 2.2 million global paid net subscriber additions. Analysts expected nearly 3.6 million.
The company's quarterly earnings per share were $1.74, compared with $2.14 per share expected by analysts. Revenue of $6.4 billion beat the $6.38 billion projection from analysts.
Read more from Axios.
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