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Netflix Stock Extends Losses Another 8% on Weak Forecast, Shift to Fewer Engagement Updates
Despite posting second-quarter results in-line with Wall Street expectations, it was not enough to quell investors' concerns about the company's future growth The post Netflix Stock Extends Losses Another 8% on Weak Forecast, Shift to Fe…
Summary
Despite posting second-quarter results in-line with Wall Street expectations, it was not enough to quell investors’ concerns about the company’s future growth Netflix shares extended their losses another 8% on Friday after the streamer’s second-quarter earnings report was a mixed bag. The company’s results came in roughly in line with Wall Street expectations, but were not enough to quell investors’ concerns about its future growth.
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