The winds of change have swept through Netflix today, as the stock fell by 9% in after-hours trading. 📉
Despite the strong first quarter numbers that exceeded expectations (with revenues reaching $12.25 billion), the company's outlook for the future was less optimistic than investors had hoped.
The highlights from the report:
Cautious outlook: The expected second quarter revenues came in lower than analysts' estimates.
End of an era: "Reed Hastings" announced he would not run for the board again in June.
The markets do not forgive weak forecasts, even if the present is bright! ✨
#Netflix #تداول #أسهم #اقتصاد #BinanceSquare
$NFLXon
What do you think, is this a buying opportunity with this drop or is the competition starting to pressure the red giant? Share your comments! 👇
Despite the strong first quarter numbers that exceeded expectations (with revenues reaching $12.25 billion), the company's outlook for the future was less optimistic than investors had hoped.
The highlights from the report:
Cautious outlook: The expected second quarter revenues came in lower than analysts' estimates.
End of an era: "Reed Hastings" announced he would not run for the board again in June.
The markets do not forgive weak forecasts, even if the present is bright! ✨
#Netflix #تداول #أسهم #اقتصاد #BinanceSquare
$NFLXon
What do you think, is this a buying opportunity with this drop or is the competition starting to pressure the red giant? Share your comments! 👇