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Netflix Maintains Long-Term Pattern of Adding to Earnings-Driven After-Hours Declines in Next Day's Regular Session
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Netflix Maintains Long-Term Pattern of Adding to Earnings-Driven After-Hours Declines in Next Day's Regular Session
Apr 18, 2024 4:09 AM

06:56 AM EDT, 04/18/2024 (MT Newswires) -- Netflix ( NFLX ) is due with its Q1 results in the after-hours today, and analysts polled by Capital IQ expect the company to report a profit of $4.54 on revenue of $9.3 billion.

Netflix ( NFLX ) boasts a decent performance history for shorts. The stock has demonstrated a consistent tendency to add to its earnings-driven after-hours declines in the following regular session.

NFLX is showing a long-term tendency to widen its post-earnings share move between the sessions, doing so in 46 of the last 81 quarters for which we've tracked results (57% of the time).

Looking deeper into the performance data, NFLX has recorded an after-hours gain in 43 of those quarters we've tracked, adding to its gains the next day in 21 quarters (49% of the time). The stock has recorded an after-hours decline in 38 quarters, adding to its evening declines in next-day trade in 26 quarters (68% of the time).

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