Latest News

Wall Street reacts to Netflix’s Q1 miss, including a top analyst who says stock is ‘dead money’

0

A picture of a woman starting Netflix on a TV inside her apartment.

Artur Widak | NurPhoto | Getty Images

Wall Street analysts aren’t abandoning Netflix after a major subscriber miss, but many are reigning in their estimates while the bears thump their chests.

Shares of the streaming video giant were down more than 8% in premarket trading on Wednesday after reporting a net addition of about about 4 million subscribers for the first quarter, more than 2 million below consensus estimates. The company also said it expects to add just 1 million subscribers in the second quarter, also well below expectations.

London Bridge Station evacuated, emergency services respond to incident

Previous article

Here’s a look at the most popular places people are booking for summer vacation

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News