Netflix Stock is Slipping Despite Its Q2 Earnings Beat
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Netflix (NASDAQ: NFLX) stock dropped 4.5% in early trading as of 9:40 a.m. ET, despite beating on earnings last night. Heading into the report, analysts forecast Netflix would earn $7.06 per share on just over $11 billion in revenue. In fact, Netflix earned $7.19 per share on just under $11. 1 billion, thus beating on both top and bottom lines.
Paul Meeks explains what to look for in NFLX Q2 earnings report today, after the bell, adding buy Netflix stock if it sinks post-earnings.