Netflix shares slide on rare earnings miss —…
Netflix missed the earnings goal set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil.
The outcomes announced Tuesday broke Netflix’s six-quarter streak of posting a revenue that eclipsed analysts’ projections.
The Los Gatos, Calif., cited an sudden $619 million expense tied to the Brazilian tax dispute for the earnings shortfall while hailing its lineup of distinctive TV collection and movies for preserving its viewers engaged and delivering a combine of subscriber charges and elevated advert…
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