Netflix fell 9.2% in premarket trading, according to market data cited by Gate. The move came after the company said its third-quarter revenue and profit are expected to come in below market expectations. ChainCatcher reported the update in a market analysis brief. The report points to the company’s own guidance as the driver behind the premarket decline, with investors reacting to a softer near-term earnings outlook. No additional figures were disclosed in the item beyond the 9.2% premarket drop and the indication that both revenue and profit for the third quarter are expected to miss market expectations.
Netflix fell 9.2% in premarket trading, according to Gate market data cited by ChainCatcher, after the company said its third-quarter revenue and profit are expected to come in below market expectations.
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