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via finance.yahoo.comBusiness & Companies

Netflix stock falls ahead of quarterly results amid job cuts and leadership change

FROM THE WIRE · FINANCE.YAHOO.COM

Netflix (NFLX) stock fell ahead of its quarterly results on Tuesday. Wall Street expects earnings per share of $0.83 with revenue of $12.87 billion for the company's third quarter. The results follow the streaming giant's job-cutting plan and a leadership shake-up announced last…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA large-cap stock ahead of earnings, with job cuts and management changes, can move sharply.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Consensus expects EPS of $0.83 and revenue of $12.87 billion.
  2. 02Netflix said it will cut 6% of its workforce.
  3. 03The stock is down roughly 25% year to date.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Netflix, Inc.NFLXStock68.69 USDMarket closedtoday -1.66%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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