Netflix Earnings miss, Revenue beats In Q4 By Investing.com

Netflix (NASDAQ:NFLX) reported on Tuesday fourth quarter earnings that missed analysts’ forecasts and revenue that topped expectations.

Netflix announced earnings per share of $1.19 on revenue of $6.64B. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $6.62B.

Netflix shares are down 7% from the beginning of the year and are trading at $536.97 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 0.84% from the start of the year.

Netflix shares gained 6.96% in after-hours trade the report.

Netflix follows other major Services sector earnings this month

Netflix’s report follows an earnings beat by T-Mobile US on November 5, 2020, who reported EPS of $1 on revenue of $19.27B, compared to forecasts EPS of $0.4616 on revenue of $18.33B.

Walgreens Boots had beat expectations on January 7 with first quarter EPS of $1.22 on revenue of $36.31B, compared to forecast for EPS of $1.03 on revenue of $34.93B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar