Earnings Results: Netflix earnings send stock surging, suggest huge decline was ‘an aberration’ [MarketWatch]
Forrester Research, Inc. (FORR)
Last forrester research, inc. earnings: 2/13 04:05 pm
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Source: MarketWatch
Netflix earnings send stock surging, suggest huge decline was ‘an aberration’ Investors wasted no time after Netflix Inc. NFLX, +3.98% announced it beat third-quarter earnings expectations Tuesday afternoon, sending shares of the streaming giant up 12% in after-hours trading. Netflix reported adding a net 6.96 million subscribers in the most recent quarter, with 1.09 million coming from the U.S. and 5.87 million coming from overseas, soundly beating the FactSet consensus of 5.32 million and the company’s own forecast of 5 million. Netflix missed subscriber growth expectations last quarter, which sent the stock into a nosedive . “One of the big questions after they missed the earnings and membership numbers in Q2 was whether it was just an aberration or a sign of weakening business,” Forrester principal analyst Jim Nail said. “These numbers show that it was clearly an aberration.” Net income for the third quarter rose to $403 million, or 89 cents a share, from $129.6 million, or 29
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FORR
Earnings
- 4/30/24 - Beat
FORR
Sec Filings
- 5/3/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/5/24 - Form SC
- FORR's page on the SEC website