What's Going On With Netflix Stock Today?
Portfolio Pulse from Adam Eckert
Netflix Inc (NASDAQ:NFLX) shares are trading higher ahead of the company's Q2 financial results. The company is expected to report earnings of $2.85 per share on quarterly revenue of $8.29 billion. Last quarter, Netflix guided for earnings of $2.84 per share on revenue of $8.2 billion and said the company remains on track to meet its full-year 2023 financial objectives. Netflix shares are up more than 45% over the last three months.
July 19, 2023 | 1:07 pm
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Netflix shares are trading higher ahead of Q2 results. The company is expected to report earnings of $2.85 per share on revenue of $8.29 billion. Shares are up more than 45% over the last three months.
The anticipation of the Q2 results has led to an increase in Netflix's share price. The company's consistent performance and positive guidance for future earnings have likely contributed to investor confidence, leading to a rise in the stock price. The stock's performance over the last three months also indicates a positive trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100