After hours, Netflix (NFLX.US) fell sharply by 9%! Q3 guidance "pours cold water," "reduces frequency" of releasing viewing reports.
According to the Zhichuan Finance app, streaming giant Netflix (NFLX.US) released its second quarter earnings report after the market closed on Thursday. Following the release of the results, Netflix's stock price briefly fell 9% in after-hours trading, exacerbating its recent weak performance on Wall Street. Data shows that the company is expected to experience a slowdown in revenue growth for the second consecutive quarter in the third quarter, further raising concerns among investors about the future prospects of this streaming giant. The company forecasts revenue of $12.9 billion and earnings per share of $0.82 for this quarter, both slightly lower than analyst expectations.
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