Netflix Q2 EPS $3.29 Beats $2.85 Estimate, Sales $8.19B Miss $8.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix reported Q2 earnings of $3.29 per share, beating the analyst consensus estimate of $2.85 by 15.44%. However, the company's quarterly sales of $8.19 billion missed the analyst consensus estimate of $8.29 billion by 1.24%. This represents a 2.81% increase in earnings and a 2.72% increase in sales compared to the same period last year.
July 19, 2023 | 8:02 pm
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Netflix's Q2 earnings beat estimates but sales fell short. This mixed result could lead to volatility in the stock's price.
Netflix's earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. This mixed result could lead to short-term volatility in the stock's price.
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RELEVANCE 100