JasonDoiy / iStock Unreleased via Getty Images Netflix (NASDAQ:NFLX) shares are tumbling almost 9% at the market open following yesterday's third-quarter earnings report. Although revenue rose 17% year-over-year to $9.8 billion, meeting management’s guidance and Wall Street expectations, earnings of $5.87 per share missed consensus estimates of $5.95 due to a one-time $360 million charge tied to a Brazilian tax dispute. Management emphasized the hit was non-recurring and should not affect long-term perfor ...

LOGIN SUBSCRIBE BYÂ Reuters Listen to this ArticleMore info 0:00 / 0:00 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. ...

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Let's bring in Kevin Green, senior markets correspondent right away to help set up the action today. Uh KG. All right, let's talk big picture here with these markets.The Dow hit another record. I know we're always so focused on the S&P 500. We did finish mix yesterday.There are some who say there, you know, we could be due for a pullback. What's your thought about the makeup of uh the price action. I think uh when you're kind of looking at the level of resistance for the S&P 500, it does make sense that we ...

Netflix shares under pressure this morning. The earnings missed estimates and the company cut its fullear forecast for operating margins. That stock right now down by six and a half%.Joining us right now to talk more about it is Tom Rogers. He is CLA Clayrid executive chairman, a CNBC contributor and a Versent senior adviser. And Tom, thank you for being with us this morning.the stock reaction is a pretty sharp one, especially for something that is supposedly a one-off issue when it comes to the taxes situa ...

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Netflix's business leaders and investors probably aren't enjoying a soda pop after the release of its third-quarter results. While the company's revenue met expectations — though not beating them as it did the first and second quarters — earnings were taken down by a tax dispute with Brazilian authorities. Shares of Netflix fell around 6% in extended trading Tuesday stateside.But it doesn't look like any other media company will dethrone Netflix as the king of streaming in the near term. Warner Bros. Discov ...

Netflix's business leaders and investors probably aren't enjoying a soda pop after the release of its third-quarter results. While the company's revenue met expectations — though not beating them as it did the first and second quarters — earnings were taken down by a tax dispute with Brazilian authorities. Shares of Netflix fell around 6% in extended trading Tuesday stateside.But it doesn't look like any other media company will dethrone Netflix as the king of streaming in the near term. Warner Bros. Discov ...

Netflix is slumping after hours after the streaming giant missed on expectations. Revenues came in line, but EPS missing at $5.87% versus the street call of $6.97% uh cents. Margins also under shot at 28% versus guidance of 31.5%.uh the company pointing to an ongoing $620 million tax dispute with Brazilian authorities that was not anticipated. So Netflix down in extended trade and I don't know Marty this Brazilian tax issue if it's a one-off it's a good thing and I think the management did say that this is ...

Netflix (NFLX) co-CEO Ted Sarandos pushed back on merger speculation Tuesday following Warner Bros. Discovery’s (WBD) announcement that it’s exploring breakup options, including a potential sale of the entire company. “We’ve been very clear in the past that we have no interest in owning legacy media networks,” Sarandos said on the company’s third quarter earnings call. “There’s no change there.” His comments came just hours after WBD said it had launched a “review of strategic alternatives” following uns ...