Netflix (NFLX) Stock Plummets 10% After Q3 Earnings Miss – Key Facts and Outlook
Netflix shares fell nearly 10% to around $1,110 on Oct. 23 after Q3 earnings missed profit estimates. Revenue rose 17% to $11.51 billion, but EPS dropped to $5.87 due to a $619 million Brazil tax charge. Paid subscribers reached about 302 million. Analysts mostly kept “Buy” ratings despite the miss.