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via finance.yahoo.comBusiness & Companies

Netflix beats Q3 profit estimates but shares fall on weaker Q4 revenue guidance

FROM THE WIRE · FINANCE.YAHOO.COM

Streaming giant Netflix (NFLX) is out with its third quarter results, topping earnings estimates ($0.87 per share vs. $0.82 expected) while revenue came in line with forecasts ($12.87 billion). The stock is falling in Tuesday's extended-hours trading. Bloomberg Intelligence…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap guiding Q4 revenue below consensus can weigh on the streaming sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Netflix reported earnings of 87 cents per share against 82 cents expected.
  2. 02Third-quarter revenue was $12.87 billion, in line with estimates.
  3. 03The Q4 revenue forecast came in below estimates and the stock fell nearly 4.2% in extended trading.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Netflix, Inc.NFLXStock—Stale quoteNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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