Netflix stock sinks after hours as Q1 outlook misses FactSet; Warner bid looms
Netflix shares fell 4.9% to $82.98 in after-hours trading after the company forecast first-quarter earnings below FactSet estimates. The drop followed a regular session close down 0.8%. Investors are watching Netflix’s $82.7 billion all-cash bid for Warner Bros. and awaiting details on the shareholder vote. Netflix reported over 325 million paid memberships and fourth-quarter revenue of $12.051 billion.