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
€604.40
0.470%
Currently there is a rather positive sentiment for Netflix Inc. with 81 Buy predictions and 7 Sell predictions.
As a result the target price of 629 € shows a slightly positive potential of 4.07% compared to the current price of 604.4 € for Netflix Inc..
