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0.00054158425167189 -0.00162475275501554 -0.00242512009042102 -2.35471413770154E-05 0.00467410756334184 -0.00425638127531313 -0.00242535556183473 -0.00767636808891398
Stock impact report

Why Netflix Shares Are Down Despite Blowing Away Subscriber Estimates [TheStreet.com]

Netflix, Inc. (NFLX) 
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
Company Research Source: TheStreet.com
Netflix delivered a home run on new subscribers last quarter. And yet the response from investors on Wednesday appeared to be a collective: "Meh."(NFLXGet Reportmore than doubled its previous guidanceIn a note on Wednesday, Needham analyst Laura Martin explained why investors shrugged off Netflix's results."How many growth stocks can you think of where reported subs are double the consensus estimate and yet the shares don't move after-hours? We can't think of many," Martin wrote. "This implies to us that NFLX's 20% run-up into earnings last night had already captured 100% of the 'perfect-storm best case' for NFLX."Expectations for Netflix were high going into March quarter earnings, with the company viewed as a key beneficiary of the coronavirus pandemic and shares up around 30% year to date.The stock's performance on Tuesday suggests that growth seekers are looking elsewhere --- and that investors are taking a closer look at downside risks on the horizon, Martin said.In a letter to s Show less Read more
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