Before the Bell | Netflix shares sink as company sees subscriber growth slowing
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures were mixed during early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages' declines during regular trading.
- Netflix said it expects to add a much smaller number of subscribers this quarter than it did a year ago as it adjusts to growing competition and lasting disruptions from the coronavirus pandemic, sending the video streamer's shares down sharply.
- U.S. stock index futures were mixed during early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages' declines during regular trading.
- Netflix said it expects to add a much smaller number of subscribers this quarter than it did a year ago as it adjusts to growing competition and lasting disruptions from the coronavirus pandemic, sending the video streamer's shares down sharply.
Market Snapshot
U.S. stock index futures were mixed during early morning trading on Friday, following a disappointing earnings report from Netflix, building on the major averages' declines during regular trading.
Futures contracts tied to the $Dow Jones Industrial Average(.DJI.US$ were up by 49 points, or 0.14%. $S&P 500 Index(.SPX.US$ futures were flat, while $NASDAQ 100 Index(.NDX.US$ futures declined 0.25%.
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Netflix shares sink as company sees subscriber growth slowing
$Netflix(NFLX.US$ said it expects to add a much smaller number of subscribers this quarter than it did a year ago as it adjusts to growing competition and lasting disruptions from the coronavirus pandemic, sending the video streamer's shares down sharply.
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Source: CNBC, Dow Jones Newswires, Bloomberg
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