Investing.com - Netflix (NASDAQ:NFLX) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Netflix announced earnings per share of $1.59 on revenue of $6.15B. Analysts polled by Investing.com anticipated EPS of $1.82 on revenue of $6.09B.
Netflix shares are up 62% from the beginning of the year and are trading at $527.39 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.47% from the start of the year.
Netflix follows other major Services sector earnings this month
Netflix's report follows an earnings matched by America Movil ADR A on Tuesday, who reported EPS of $0.27 on revenue of $11.69B, compared to forecasts EPS of $0.27 on revenue of $10.77B.
Walgreens Boots had missed expectations on Thursday, July 9, 2020 with third quarter EPS of $0.83 on revenue of $34.63B, compared to forecast for EPS of $1.19 on revenue of $34.3B.
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