Investing.com - Netflix (NASDAQ:NFLX) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Netflix announced earnings per share of $3.53 on revenue of $7.87B. Analysts polled by Investing.com anticipated EPS of $2.95 on revenue of $7.94B.
Netflix shares are down 42% from the beginning of the year and are trading at $282.92 , down-from-52-week-high.They are under-performing the Nasdaq which is down 12.95% from the start of the year.
Netflix shares lost 18.84% in after-hours trade the report.
Netflix follows other major Communication Services sector earnings this month
Netflix's report follows an earnings beat by Tencent ADR on Wednesday, March 23, 2022, who reported EPS of $1.54 on revenue of $22.64B, compared to forecasts EPS of $0.4745 on revenue of $23.04B.
Telkom Indonesia B ADR had missed expectations on Monday with first quarter EPS of $0.4124 on revenue of $2.59B, compared to forecast for EPS of $0.4571 on revenue of $2.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar