Netflix reports upbeat guidance after Q3 results top estimates
Investing.com -- Netflix reported upbeat guidance Thursday following third-quarter results that topped Wall Street expectations as the streaming giant added more subscribers than expected in quarter.earnings of $5.40 a share on revenue of $9.83B, topping estimates for earnings of $5.12 a share on revenue of $9.77M.
"We’ve delivered a string of hits this quarter, including new series like The Perfect Couple, Nobody Wants This and Tokyo Swindlers, returning favorites like Emily in Paris and Cobra Kai and big films like Beverly Hills Cop: Axel F, Rebel Ridge and Officer Black Belt," the company said. For Q4, earnings was forecast to come in at $4.23 per share on revenue of $10.13B, beating analyst estimates of 3.89 on revenue of $10.04B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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