Netflix’s third quarter earnings blow through Wall Street’s expectations (NFLX)
|10/16/2018||Posted by BusinessMediaguide.Com under General World News||
Netflix’s third-quarter earnings crushed Wall Street’s expectations, but the streaming media giant warned investors not to expect the same for the holidays.
The company posted a profit of 89 cents a share in its most recent period, it reported on Tuesday. That was a full 21 cents a share better than analysts polled by Bloomberg had forecast.
But it warned that its per-share earnings in the fourth quarter will be just 23 cents a share — less than half of what Wall Street had predicted.
Investors focused on the bright side of the report. In recent after-hours trading, Netflix’s stock was up read more >>>