Reported about 8 hours ago
Netflix surpassed its second quarter earnings expectations and raised its annual revenue forecast, yet its stock dropped over 4% as investors had set high expectations. Despite the company's positive revenue growth and earnings per share figures, analysts pointed out that the stock's premium valuation left little room for error. Netflix reported an overall revenue increase driven by global user engagement and ad sales, while preparing for an impressive content slate in the coming months.
Source: YAHOO