Earnings Results
Streaming giant’s earnings come ahead of expectations, but largely due to a weakening dollar
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Netflix Inc. had all the wind in its sails that one could hope for in its second-quarter earnings — they came in well ahead of analysts’ expectations for net profit, benefitting strongly from a weakening dollar.
Yet Netflix shares NFLX fell in after-hours trading. After recently reaching record highs, some analysts are wondering if the stock has gotten ahead of the company’s ambitious growth plans.
