3 Things You Should Watch When Netflix Reports Q3 Results
Video-streaming giant Netflix (NASDAQ: NFLX) is gearing up for a third-quarter report after market close on Tuesday, Oct. 20. This report is sure to move the market whether it's good, bad, or ugly. Here's what Netflix investors need to watch out for in this important business update.
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Management's guidance for the third quarter pointed to revenue near $6.33 billion and earnings in the neighborhood of $2.09 per share. The company should add roughly 2.5 million net new subscribers during the quarter, slowing down from 10 million additions in the previous report and 15.8 million net additions in the first quarter of 2020.
Source Fool.com