Netflix Shares Fall 5% After Q4 Revenue Outlook Disappoints
Netflix reported third-quarter earnings above Wall Street expectations but issued a soft fourth-quarter revenue outlook. Shares fell 5% in after-hours trading.
Netflix Inc. (NFLX) reported third-quarter earnings on Tuesday that exceeded Wall Street expectations. Its shares dropped 5% in after-hours trading after the streaming company gave a weaker revenue outlook for the fourth quarter, putting it on track for a fourth straight period of slowing sales growth.