Netflix Shares Fall More Than 6% Premarket After Softer Revenue Guidance
Netflix shares fell more than 6% in premarket trading after its fourth-quarter revenue guidance came in softer than expected. Morningstar called the decline a “best buying opportunity.”
Shares of Netflix Inc. (NFLX) fell more than 6% in the premarket session on Wednesday, extending overnight declines after the company’s fourth-quarter (Q4) revenue guidance came in softer than expected.Despite the negative sentiment, Morningstar said in a report on Wednesday that this has created t…