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Netflix earnings forecast disappoints Wall Street, shares tumble
Reuters Videos70d agobearishVIDEO
Netflix earnings forecast disappoints Wall Street, shares tumble

<body><p>STORY: :: Netflix&nbsp;</p><p>Netflix stock plunged close to 9% in after-hours trading on Thursday after it forecast third-quarter revenue and earnings below Wall Street targets.</p><p>The streaming giant said it expected close to $12.9 billion in revenue from July through September, lower than analyst estimates.</p><p>For the just-ended quarter, revenue totaled just under $12.6 billion, roughly in line with projections.</p><p>In its quarterly letter to shareholders, Netflix said that its financial performance "remains solid" and that it's on track to meet objectives for the year.&nbsp;</p><p>The company said it would cut its twice-yearly release of a viewing-hours report to once a year from January to "keep the focus on our primary financial metrics — revenue and operating profit."</p><p>It stopped publishing quarterly subscriber numbers in 2025.</p><p>Netflix is facing competition from all corners of the entertainment industry, from traditional media companies to mobile viewing apps.</p><p>The firm is working to grow with advertising, live events and video games.&nbsp;</p></body>

Netflix shares fall as quarterly revenue misses expectations
Proactive70d agobearish
Netflix shares fall as quarterly revenue misses expectations

Netflix Inc (NASDAQ:NFLX, XETRA:NFC) shares fell about 8% in after-hours trading after the streaming company reported second-quarter revenue that came in just below Wall Street expectations, overshadowing a slight earnings beat. For the quarter ended June 30, Netflix posted diluted earnings...

Netflix third-quarter earnings forecast falls shy of Wall Street expectations
Reuters70d agobearish
Netflix third-quarter earnings forecast falls shy of Wall Street expectations

Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the ‌amount of information it discloses on viewing hours as the streaming video pioneer seeks ‌new avenues of growth. Shares of Netflix fell about 4% in after-hours trading to $71.30. The company said it expected $12.86 billion in revenue ​from July through September and diluted earnings per share of 82 cents.

JPMorgan cuts earnings forecasts for two major crypto companies
TheStreet72d agobearish
JPMorgan cuts earnings forecasts for two major crypto companies

JPMorgan Chase (NYSE: JPM) trimmed its earnings forecasts for Circle Internet Group (NYSE: CRCL) and Coinbase Global (Nasdaq: COIN) on July 14. Both Circle and Coinbase are two of the world's biggest crypto companies. While the former is best known for its USDC stablecoin, the latter is ...

Elevance Is Overcoming Medicare Advantage Hurdles. Earnings Could Show It.
Barrons.com72d agobearish
Elevance Is Overcoming Medicare Advantage Hurdles. Earnings Could Show It.

Elevance Health is breaking the Medicare Advantage curse, and the insurer’s earnings could show it on Wednesday. Health insurer stocks have rallied this year after a tough run of rising medical costs that hampered earnings in 2024 and 2025. The results come just a day ahead of the monster of the industry, UnitedHealth Group Wall Street will be watching to see if these two companies can keep the momentum going.

Citi Stock Drop Mutes Financial Sector’s Earnings Pop
Barrons.com72d agobearish
Citi Stock Drop Mutes Financial Sector’s Earnings Pop

Citigroup stock dove, reversing earlier gains, after the earnings call raised more questions for investors. The bank’s earnings print beat estimates, but during the earnings call Citi maintained its 10% to 11% full-year return on tangible common equity outlook, an important metric for the industry. Citigroup was the worst performing name within the State Street Financial Select Sector ETF, dragging the ETF back to just above the flatline.