Netflix to report quarterly earnings
Shares of Netflix edged lower in morning trading Tuesday!
The action was observed ahead of the streaming video giant’s release of quarterly financial results scheduled for after the closing bell.
Tweet on Netflix Quarterly report
Shares of Netflix edged lower in morning trading Tuesday ahead of the streaming video giant's release of quarterly financial results scheduled for after the closing bell.#Netflix #streaming pic.twitter.com/9XNnubcN2y
— The_Journalbiz (@the_journalbiz) April 18, 2023
Factset Chart on Netflix
The stock was recently down 0.3%.
What Wall Street is looking for in the results, according to FactSet is: Non-GAAP net income of $2.86 per share, compared with guidance of $2.82; GAAP EPS of $2.86 per share
Revenue of $8.18 billion and Paid net subscriber additions of about 2.2 million
The stock closed Monday at $332.72, leaving it up about 13% in 2023, though off more than 50% from its all-time high, set in November 2021.
