Netflix Q1 EPS $1.570 Misses $1.650 Estimate, Sales $5.770B Beat $5.760B Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix reported its Q1 earnings with an EPS of $1.57, missing the estimate of $1.65, but sales of $5.77 billion beat the estimate of $5.76 billion.
April 21, 2020 | 8:01 pm
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Netflix's Q1 earnings report shows a mixed performance with EPS missing estimates but sales slightly exceeding expectations.
The mixed earnings report, with EPS missing but sales beating estimates, suggests potential short-term volatility in Netflix's stock price. Investors may react negatively to the EPS miss, but the sales beat could provide some support.
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