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fromFortune
1 day ago
US news

Netflix falls 6% as it snaps 6-quarter streak with surprise miss in earnings | Fortune

Netflix missed earnings expectations due to a $619 million Brazilian tax expense, breaking a six-quarter streak of beating analysts' profit forecasts.
fromwww.theguardian.com
2 days ago
Business

Netflix blames $600m tax dispute with Brazil for disappointing earnings

Netflix posted profit and matched revenue forecasts but missed analysts' earnings-per-share expectations due to a $619m Brazilian tax expense, causing shares to fall about 5%.
fromFortune
1 day ago
US news

Netflix falls 6% as it snaps 6-quarter streak with surprise miss in earnings | Fortune

more#brazil-tax-dispute
fromFast Company
2 days ago

Netflix misses Q3 earnings targets due to tax dispute in Brazil

Netflix missed Wall Street's third-quarter earnings targets because of an unexpected expense from a dispute with Brazilian tax authorities, while it offered a forecast a touch ahead of Wall Street projections for the rest of the year. The report failed to impress investors accustomed to fast-paced growth from the streaming video pioneer. Shares of Netflix, which had risen 39% this year ahead of the earnings report, fell 6.3%, to $1,163.80, in after-hours trading on Tuesday.
Television
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