Netflix shares fall 6.5% after missing Q3 earnings estimates – what led to the drop?
Netflix Inc. shares dropped over 6% on Tuesday, 21 October, after the streaming platform missed Wall Street’s third-quarter earnings estimates due to an unforeseen expense from a Brazilian tax dispute.
The shares of Netflix closed 6.5% down to $1,160 at 7:59 pm (EDT) on Tuesday, 21 October, according to data collected from Marketwatch.
