Investing.com - Netflix (NASDAQ:NFLX) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Netflix announced earnings per share of $3.2 on revenue of $7.97B. Analysts polled by Investing.com anticipated EPS of $2.96 on revenue of $8.03B.
Netflix shares are down 66% from the beginning of the year and are trading at $213.70 , down-from-52-week-high.They are under-performing the Nasdaq which is down 25.13% from the start of the year.
Netflix shares gained 5.99% in after-hours trade after the report.
Netflix follows other major Communication Services sector earnings this month
Netflix's report follows an earnings missed by America Movil ADR A on Wednesday, July 13, 2022, who reported EPS of $0.21 on revenue of $10.48B, compared to forecasts EPS of $0.4103 on revenue of $10.67B.
Telenor ASA ADR had missed expectations on Tuesday with second quarter EPS of $-0.0808 on revenue of $2.83B, compared to forecast for EPS of $0.1792 on revenue of $2.79B.
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