Earnings disappointed last night in Netflix stock (NFLX). Earnings came in at $2.97 a share versus $3.16 estimated. Revenue though was in-line at $7.3 billion. Overall revenue is up 19.4% year-over-year. New subscriber growth rose by 1.54 million.
Netflix Stock (NFLX) is down over 4% this morning and prompted this trade to be setup. This stock was discussed in the morning Investing Strategy Notes for today.
The rest of this trade alert and ideas article is for FullyInformed Members.
Netflix Stock (NFLX) – 1st Trade Alert and Idea After Earnings – Jul 21 2021
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