The streaming giant entered the second quarter results with huge expectations because analysts and customers believed that home inventory would be a beneficiary of the coronavirus pandemic.
But Neflix provided weaker than expected indications in the third quarter on subscriber additions, sending investors under cover. The company beat revenue for the second quarter, but missed earnings per share, leaving some analysts to scratch their heads and wonder if the momentum can continue.
The shares are down 7% in trade before marketing.
Here’s what analysts say about the company’s second quarter earnings report: