Netflix blames tax dispute in Brazil
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A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Netflix, Inc. stock dropped after a Brazilian tax expense hit margins, but revenue and engagement remain strong. Click for more on NFLX Q3 earnings.
Netflix Inc. (NFLX.O) missed Wall Street's third-quarter profit projections due to an unexpected tax bill in Brazil.
Netflix › Netflix (NASDAQ: NFLX) stock's stellar year was threatened this week. The company reported third-quarter results, and shares slipped even though the streaming and entertainment provider posted 17.
Analysts stuck to ratings and share price targets after a Brazil tax dispute hit the bottom line and stock price, with some waiting for year-end results, while at least one tells investors to "buy the dip.