Netflix Drops 13.4% After Q2 Guidance Miss and Reed Hastings Exit, With 15 EPS Cuts in 7 Days
Netflix fell 13.4% on April 22 after guiding Q2 earnings below analyst expectations and confirming co-founder Reed Hastings will step down from the board in June. The current-quarter EPS consensus absorbed 15 downward revisions in seven days versus just 2 upward, pushing the stock 30.8% below its 52-week high.
Supporting 11 queries
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Conclusion
Prior close $107.70 → close $92.82 (-13.8%); EPS revisions 0q: 15 down, 2 up in 7 days; 52-week high $134.12 vs. close $92.82 (-30.8%); volume 37.5M shares; Netflix also approved a $25 billion share buyback alongside results.