Netflix's mixed quarterly results had something for the bulls and the bears.
Netflix's mixed quarterly results had something for the bulls and the bears, as analysts weighed their outlook on the streaming service against a delay in the password sharing crackdown and lackluster guidance. The company originally planned a move on sharing in the first quarter, but on Tuesday the firm said it pushed it back to the second quarter, saying "some of the expected membership growth and revenue benefit" will fall later as well.
mountain Netflix shares 1-day The news was initially poorly received on Wall Street, with the streaming stock dropping more than 10% following the results. However, the stock has since rebounded somewhat. It was last trading about 1% lower in the premarket. For UBS analyst John C. Hodulik, the mixed earnings results did not change what he expects is an improving competitive backdrop for Netflix.
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