353.17 -47.31 (-11.81%)
Pre-Market: 6:08AM EDT
|Bid||359.00 x 800|
|Ask||358.50 x 900|
|Day's Range||391.75 - 403.36|
|52 Week Range||164.23 - 423.21|
|PE Ratio (TTM)||268.42|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||384.40|
Earnings out of Goldman Sachs and testimony from Fed chair Jay Powell will be the big events for investors on Tuesday as markets deal with the fallout from Netflix's disappointing earnings results on Monday.
Netflix didn't add as many subscribers as expected by a bunch of people on
Yahoo Finance's LIVE stock market coverage and analysis.
Walter Price, portfolio manager at Allianz Technology Trust, gives his view on streaming service Netflix's latest earnings report.
Jul.17 -- Bloomberg's Christine Harvey takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East."
Daniel Ives of GBH Insights says Netflix's recent quarterly performance was a "speed bump" but is unlikely to put "a dent in the bull thesis."
Jay Jacobs of Global X Funds says yesterday's decline in Netflix's stock price could present a good entry point for investors.
pared declines in pre-market trading Tuesday after the online streaming site posted weaker-than-expected subscriber growth numbers in its second quarter earnings last night, taking the steam out of one of Wall Street's hottest stocks. Netflix said both its U.S. and international subscriber growth came in much lower than both it an analysts expected in what it called a "strong, but not stellar second quarter" in which it has "overforecasted" additions. Netflix added 4.47 million overseas subscribers in the three months ending in June, the company said, and just 670,000 in the United States, around half of the 1.19 million analysts were looking for over the period.
U.S. stock futures traded mixed on Tuesday, July 17, ahead of Federal Reserve Chairman Jerome Powell's first testimony before Congress. Powell is likely to tell the U.S. Senate Banking Committee on Tuesday at 10 a.m. ET, and the House of Representatives Financial Services Committee on Wednesday, July 18, that the central bank remains committed to gradual monetary policy tightening. The Fed raised rates in March and June, and has indicated two more rate hikes will be coming in 2018.
Netflix earnings seriously letdown investors. Here's what investors need to be thinking about the results.
Netflix shares plunged, wiping out about $25 billion in market value after reporting slower subscriber growth. @Lucas_Shaw reports https://bloom.bg/2L4k30R #tictocnews (Source: Bloomberg)
SINGAPORE (AP) — World markets were mixed Tuesday in narrow trading as investors awaited Federal Reserve Chairman Jerome Powell's testimony to Congress.
Netflix Inc. posted weaker-than-expected second-quarter revenue and subscriber numbers Monday afternoon. It stock is down sharply in Tuesday’s premarket trading.
Netflix missed its target for new subscribers in the second quarter, sending shares down more than 14 per cent in after hours trading overnight. The streaming service added 5.1 million new users in the period from April to June, but had been targeting more than six million. It is the first time in more than a year that Netflix has failed to exceed expectations when it comes to subscriber growth.
Bloomberg's Christine Harvey takes a look at some of the big stories of the day on "Bloomberg Daybreak: Middle East." (Source: Bloomberg)
"We had a strong but not stellar Q2," Netflix said in a quarterly letter to shareholders. Netflix said it had "over-forecasted" quarterly fluctuations in the pace of new customers. Before the earnings report, Netflix shares had gained 109 percent, making it the second-strongest performer on the S&P 500 index (.SPX).