Netflix Shares Drop After Q2 Sales Miss And Weak Q3 Guidance
Macro·3 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Netflix Inc. shares dropped after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future.
Netflix missed Wall Street's target for second-quarter revenue and guided lower than views for Q3. Netflix stock fell in extended trading.
Netflix
Sources
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SourceReports the news
“Netflix Inc. shares dropped after the company forecast a second consecutive quarter of slowing sales growth, contributing to investor anxiety about the streaming giant’s future.”
Bloomberg — Netflix Shares Drop After Forecasting Slowing Sales Growth“Netflix missed Wall Street's target for second-quarter revenue and guided lower than views for Q3.”
IBD — Netflix Stock Drops On Q2 Sales Miss, Weak Q3 Guidance