This afternoon Wedbush analyst, Michael Pachter, tried to scared longs out of NFLX, by suggesting the company was in dire straights with regards to its cash flow. Here was the CNBC exchange.
And here is the subsequent results of the blockbuster NFLX quarter.
The gains were fueled by monstrous gains overseas, adding 4.14 mln vs 2.60 mln guidance.
Domestic additions missed the mark by a wide margin, adding 1.07m subs v guidance of 1.42m. America simply isn’t that important to the NFLX story anymore.
As a result, Netflix is guiding up.
Netflix sees Q3 $0.32 vs $0.22 Capital IQ Consensus Estimate; sees revs $2.97 bln vs $2.88 bln Capital IQ Consensus Estimate
Here’s the full breakdown, excluding DVDs, which is a meaningless metric.
Long live FAANG.
If you enjoy the content at iBankCoin, please follow us on Twitter
That guy should be fired. He was a bear when it was under $100, pre-split…
Let’s draw up a petition to get him fired and his home repossessed.
He was a bear when NFLX was at $3, never mind $100. The man is insane.
love the guys on stocktwits NFLX board who’s full time job it is to bash the stock. pretty amusing as it just keeps going up and up. new bears every few months. i wonder how much they get paid – per post or per hour?
They were saying to short it all day.
They were on Yahoo boards back in the day.
Stocktwits is cancer
$178 dollar stock that earns 32 cents. Awesome.