Tech
Netflix shares rise as rosy outlook calms investors’ nerves amid tariff fears
[ad_1]
Netflix shares rose about 3% in premarket trading on Monday as the streaming giant’s upbeat annual revenue outlook reassured investors that it could withstand any economic downturn amid a tariff laden economic climate.
The company’s co-CEO Greg Peters noted that the entertainment sector, and Netflix specifically, had proven resilient during previous downturns.
Peters said they had not seen any significant shifts in customer behavior, after the company reported first-quarter earnings above analysts’ expectations on Thursday.
Netflix also reaffirmed…
[ad_2]
Source link
Continue Reading
You must be logged in to post a comment Login