Netflix Shares Fall About 5% Despite Q3 Earnings Beat
Netflix reported third-quarter earnings of 87 cents per share, five cents above consensus, while its shares fell about 5% in Wednesday morning trading as investors considered the next quarter’s margin outlook.
Netflix NASDAQ:NFLX shares fell about 5% in Wednesday morning trading, despite quarterly profit topping analyst estimates, as investors considered the next quarter's margin outlook.The streaming company reported third-quarter earnings of 87 cents per share, five cents above consensus. Revenue was…