Netflix Earnings Beat, Revenue Misses In Q1 -Breaking
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© Reuters. Netflix Earnings Beat, Revenue Misses In Q1On Tuesday, Investing.com reported that Netflix (NASDAQ) had reported a first quarter revenue of $1.2 billion that was below analysts’ expectations.
Netflix posted earnings per share (EPS) of $3.53 for revenue $7.87 billion. Investing.com polled analysts and predicted EPS at $2.95 for $7.94B in revenue.
Netflix shares fell 42% over the course of 2018, but are still below 50.27% of its 52 week peak of $700.99, set on November 17th 2021. They are under-performing the S&P 500 which is down 6.35% from the start of the year.
Netflix is following other important earnings from the Communication Services sector this month
Netflix’s earnings report comes after a Tencent ADR earnings beat on March 23. Tencent ADR reported EPS at $1.54 for revenue $22.64B. This compares to predictions EPS at $0.4745 for revenue $23.04B.
Telkom Indonesia B ADR missed its expectations Monday, with first quarter earnings per share of $0.4137 on $2.59B in revenue. This compares to the forecast of $0.4571 for $2.59B revenue.
You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar
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