Netflix Stock Falls Despite Solid Q3 Results On Lowered Q4 Revenue And Advertising Guidance
By Dade Hayes
Battered Netflix shares tumbled in after-hours trading Tuesday as the company issued a worrisome decrease in guidance for fourth-quarter revenue and full-year advertising sales. The swoon, which was partially reversed as the full results were digested, came despite a solid set of financials for the third quarter.…
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Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
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