Netflix Shares Fall After Underwhelming Q2 Guidance
Netflix shares declined following its Q1 earnings report and a Q2 guidance that fell short of Wall Street expectations. The company reported Q1 EPS of $1.23 and revenue of $12.25B, beating estimates, but its Q2 forecast of 78c EPS and $12.57B revenue was below analyst expectations. The guidance came amid ongoing challenges, including the loss of the Warner Bros. Discovery bid.
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Topics: Netflix Q1 Earnings Q2 Guidance Reed Hastings Stock Price Movement