Netflix is falling ahead of earnings (NFLX)

pulse

April 16, 2018 12:46 PM

Shares are down 1.89% Monday.

Shares are trading down 1.89% ahead of Monday's earnings report.
Wall Street analysts are bullish ahead of the results.

Shares of Netflix are losing ground ahead of earnings, trading down 1.89% at $305.75 a share.

The streaming-video giant is expected to have earned an adjusted $0.72 a share on revenue of $3.69 billion in the first quarter, according to analysts surveyed by Bloomberg. The company forecast in January that it would add 1.45 million US and 4.9 million international subscribers during the quarter.

Netflix CFO David Wells said earlier this year that the company expects to spend a staggering $8 billion on roughly 700 new original shows in 2018.

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