Netflix forecast misses Wall Street view, shares dip
Friday, 18 January 2019 By Lisa Richwine and Vibhuti Sharma (Reuters) - Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world's largest streaming service down 4 percent in after-hours trading. The company released its massively popular dystopian movie "Bird Box" late in the fourth quarter, which helped attract a record 8.8 million new paid streaming customers in the period, but investors appear to have factored that into their valuation, pushing Netflix shares up more than 50 percent since late December. "Results won't push its stock higher from here, with most of the good news already priced in after a massive rally earlier this month," said Investing.com senior analyst Haris Anwar
Netflix forecast first-quarter revenue slightly below Wall Street estimates on Thursday, even after a record quarter for new customers, sending shares of the world’s largest streaming service down 4 percent in after-hours trading. Jane Lee reports.
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