Netflix Stock Eyes Worst Day Since 2022 After Earnings Blunder
Magnificent Seven stock Netflix Inc (NASDAQ:NFLX) is down 9.8% to trade at 5.87 per share on $11.5 billion in revenue, the former of which missed estimates. The main catalyst behind the miss was an unexpected tax dispute with Brazil.The shares are headed for their worst single-session drop since April 2022 and earlier slid to their lowest level since May. The selloff takes NFLX's year-to-date gain down to 28%, though the 2 ...