Netflix Q4 Sales $8.83B Beat $8.72B Estimate
Portfolio Pulse from Benzinga Newsdesk
Netflix (NASDAQ:NFLX) reported Q4 sales of $8.83 billion, surpassing the analyst consensus estimate of $8.72 billion by 1.31%. This represents a 12.49% increase compared to $7.85 billion in sales during the same period last year.
January 23, 2024 | 9:01 pm
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Netflix's Q4 sales outperformed estimates, indicating strong revenue growth and potential positive investor sentiment.
Beating sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The reported 12.49% year-over-year growth is a strong indicator of the company's performance and may further bolster investor confidence.
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