Loading ...Netflix Stock Falling Sharply
Netflix reported that they beat estimates for 2nd quarter revenues, however, diluted earnings were lower than expected.
With all of the folks stuck at home, one would think that they would have reported stellar earnings. Not so.
The stock was down 10% in after hours trading at one point.
Netflix Earnings: NFLX Stock Falls 10% on Massive Q2 EPS Miss
Netflix is the 10th largest component of the Nasdaq 100 Index, with a market capitalization of 230+ billion U.S. dollars.
Like some other very popular tech stocks, Netflix is wildly over-priced relative to revenues, earnings, and the stated book value.
P/S = 11, P/B = 27, Trailing P/E = 100+
https://finance.yahoo.com/quote/NFLX/key-statistics?p=NFLX