Netflix Sees Q3 EPS $3.52 vs $3.24 Est., Revenue $8.52B vs $8.68B Est.
Portfolio Pulse from Bill Haddad
Netflix has reported its Q3 earnings per share (EPS) at $3.52, which is higher than the estimated $3.24. However, its revenue of $8.52 billion fell short of the estimated $8.68 billion.
July 19, 2023 | 8:01 pm
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Netflix's Q3 EPS exceeded estimates, but its revenue was lower than expected. This mixed result could lead to volatility in the stock's price.
Netflix's EPS beat estimates, which is a positive signal for investors. However, the lower than expected revenue could be a concern, indicating potential issues with growth or profitability. This mixed result could lead to uncertainty and volatility in the stock's price in the short term.
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