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Netflix is moving higher ahead of earnings (NFLX)


Netflix is rising as investors look ahead to the company’s earnings.

The streaming site is set to release its earnings after close of trading on Monday. Investors are expecting earnings of $0.16 per share, or $123.5 million before taxes, from $2.76 billion in revenue, according to data from Investing.com. Netflix’s share price is up 1.03% in early Monday trading.

The company is the first of the FAANG stocks to report earnings for the second quarter. The FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — have had a rollercoaster year thus far, propping up the tech-heavy Nasdaq 100 read more >>>

Source:: BusinessInsider.Com

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