Analysts expect reduced Netflix earnings

Analysts expect Netflix to report disappointing second quarter results next week.

Forbes reports that analysts anticipate a 96.8% fall in year-on-year earnings when it reports quarterly results on July 24. The forecast loss is, however, smaller than the one analysts were forecasting three months ago. Revenues are expected to continue to increase 12.7%, Forbes says, taking the total to US$888.9 million (€724 million).

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