What's Going On With Netflix Stock Today?
Portfolio Pulse from Ryan Gustafson
Netflix shares are trading lower, continuing a nearly 15% downtrend through September and October. The stock did gain over the past week, possibly due to a Wall Street Journal report suggesting the company plans to raise prices after the actors strike ends. However, shares pulled back over 2% on Tuesday. Netflix is set to report its third-quarter earnings next Wednesday, with earnings per share estimated at $3.50 and revenue estimated at $8.53 billion.
October 10, 2023 | 7:38 pm
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Netflix shares are trading lower, continuing a nearly 15% downtrend. The company is set to report its Q3 earnings next Wednesday, which could potentially influence the stock's performance.
Netflix shares have been on a downtrend, and the upcoming Q3 earnings report could potentially influence the stock's performance. The company's plan to raise prices after the actors strike ends may also impact the stock's performance.
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