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Netflix beats on Q2 earnings but a soft Q3 forecast sends the stock down 9%

Netflix cleared the quarter and stumbled on the outlook. The company posted second-quarter revenue of $12.56bn on Thursday, up 13% on the year, alongside earnings of $0.80 a share, a cent ahead of the $0.79 analysts had pencilled in. Then it guided the next three months lower, and the stock did the rest. Third-quarter revenue is forecast […]
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