Netflix $Netflix(NFLX)$just reported their earnings and they have added 2.4 million new subscribers between July and September. For the third quarter, Netflix topped Wall Street projections with revenue of US$7.9 billion, up 6 per cent from a year earlier. Earnings were US$3.10 per share.
Perhaps the consumer is still resilient and has spending power at the current moment. The market has likely oversold and expected the Fedrate hikes to badly affect these companies.
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- Maria_yy·2022-10-21You're right. I also think the market is oversold.LikeReport
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- BellaFaraday·2022-10-21The consumer electronics industry is heading for a downturn, and we can't be too optimistic.LikeReport
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- gcle·2022-10-19good post keep it upLikeReport
- Mungerism·2022-10-19Thank you for sharing thisLikeReport
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