US stocks climbed on Wednesday as investors waited for news on stimulus talks. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before their Tuesday deadline and now aim to finalise an agreement before the weekend. Pelosi told reporters she remains hopeful a compromise can […]
Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
Netflix is poised to benefit from stay-at-home activity and a strong content lineup when it reports second-quarter earnings Thursday afternoon. Wall Street analysts mostly expect the company to beat expectations for subscriber growth after trouncing estimates in the first quarter. Yet some firms have lost their bullish view of the […]
Netflix shares’ risk-reward profile is becoming increasingly unattractive as investors ignore major risks and pile in, UBS said Tuesday. The firm downgraded Netflix to “neutral” from “buy” while reiterating its $US535 price target. Investor debates around new competitors, rising content costs, and lasting subscriber growth “have disappeared at current levels,” […]
Netflix shares surged to a record high of $US449 per share on Thursday after gaining roughly 20% through the week on strong demand and analyst praise. Shares jumped more than 7% on Monday despite a broad market slide, while Tuesday and Wednesday’s sessions saw gains of 4.2% and 3.2%, respectively. […]