Netflix Stock Reverses Early Losses In Premarket Session: What's Going On
Portfolio Pulse from Shanthi Rexaline
Netflix (NASDAQ:NFLX) reversed early premarket losses and is now trading higher after reporting strong Q2 earnings and revenue, beating consensus estimates. The company issued a mixed outlook for Q3, with revenue guidance slightly below expectations but EPS guidance above. Analysts have revised up their price targets, contributing to the stock's recovery.
July 19, 2024 | 12:15 pm
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Netflix reported strong Q2 earnings and revenue, beating consensus estimates. The company issued a mixed outlook for Q3, with revenue guidance slightly below expectations but EPS guidance above. Analysts have revised up their price targets, contributing to the stock's recovery.
Netflix's strong Q2 performance and upward revision of price targets by analysts have positively impacted the stock, despite a mixed Q3 outlook. The stock's recovery in premarket trading indicates investor confidence.
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