Netflix stock falls 8% after
Photo: Jenny Kane/AP/TT

Netflix stock falls 8% after quarterly results meet expectations, outlook misses estimates

Netflix's quarterly results after the New York stock market closed were broadly in line with analysts' expectations. The stock is falling sharply in after-hours trading in New York.

Earnings per share were 80 cents, compared with the LSEG average forecast of 79 cents, CNBC reports. This was up from 72 cents per share in the same period last year.

Revenue was reported at $12.56 billion, compared with the average forecast of $12.59 billion.

The report concerns the second quarter of the year.

Netflix expects third-quarter earnings of 82 cents per share and revenue of $12.9 billion, both of which are slightly below analysts' expectations.

Since the report was released, Netflix shares have fallen 8 percent in after-hours trading on the New York Stock Exchange.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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