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Netflix Inc. witnessed an over 8% decline in its shares during post-market trading, following the release of its recent quarterly earnings report. The streaming giant reported revenues of $8.19 billion, falling short of the forecast, even though it was a 3% increase compared to the previous year. Moreover, the revenue projection provided by the company for the forthcoming period was also below what market analysts had predicted.
Netflix Inc. witnessed an over 8% decline in its shares during post-market trading, following the release of its recent quarterly earnings report. The streaming giant reported revenues of $8.19 billion, falling short of the forecast, even though it was a 3% increase compared to the previous year. Moreover, the revenue projection provided by the company for the forthcoming period was also below what market analysts had predicted.
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