These Analysts Cut Their Forecasts On Netflix Following Q2 Results

Netflix Inc. (NASDAQ: NFLX ) on Thursday reported mixed second-quarter financial results and issued weak guidance for the third quarter.

Netflix reported second-quarter revenue of $12.56, up 13% year-over-year. The revenue total missed a Street estimate of $12.59 billion, according to data from Benzinga Pro. Second-quarter earnings of 80 cents per share beat a Street consensus estimate of 79 cents per share.

Netflix is guiding for third-quarter revenue of $12.86 billion, up 12% year-over-year. The company said the quarter is expected to see growth in memberships, pricing and advertising revenue. The Street estimate for third-quarter revenue is $13.01 billion. Third-quarter earnings per share are expected to be 82 cents versus a Street estimate of 84 cents.

Netflix narrowed its full-year revenue guidance from ...