Netflix Earnings Beat, Revenue Misses In Q1
2022.04.19 23:12
Netflix Earnings Beat, Revenue Misses In Q1
Investing.com – Netflix (NASDAQ:NFLX) reported on Tuesday first quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Netflix announced earnings per share of $3.53 on revenue of $7.87B. Analysts polled by Investing.com anticipated EPS of $2.95 on revenue of $7.94B.
Netflix shares are down 42% from the beginning of the year, still down 50.27% from its 52 week high of $700.99 set on November 17, 2021. They are under-performing the S&P 500 which is down 6.35% from the start of the year.
Netflix follows other major Communication Services sector earnings this month
Netflix’s report follows an earnings beat by Tencent ADR on March 23, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.
Telkom Indonesia B ADR had missed expectations on Monday with first quarter EPS of $0.4137 on revenue of $2.59B, compared to forecast for EPS of $0.4571 on revenue of $2.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
