Shares in Netflix fell off a cliff on Tuesday in the aftermath of an earnings release that revealed lower guidance for U.S. subscribers and negative free cash flow. Despite beating profit and hitting revenue estimates, investors were relentless in their selling, sending Netflix as low as 16.7% in post-market trading.
Shares in Netflix fell off a cliff on Tuesday in the aftermath of an earnings release that revealed lower guidance for U.S. subscribers and negative free cash flow. Despite beating profit and hitting revenue estimates, investors were relentless in their selling, sending Netflix as low as 16.7% in post-market trading.
Share this Article
Comment on this Article
Recommended
Please to comment