Netflix Inc NFLX shares are trading lower by 4.13% to $257.96, possibly in sympathy with Warner Bros Discovery Inc WB and FuboTV Inc FUBO which fell after the companies reported third-quarter financial results.
What Happened?
Warner Bros. Discovery reported quarterly losses of 95 cents per share. The company reported quarterly sales of $9.82 billion which missed the analyst consensus estimate of $10.36 billion by 5%.
Meanwhile, FuboTV reported quarterly losses of 52 cents per share which beat the analyst consensus estimate of 73 cents. The company reported quarterly sales of $224.80 million which beat the analyst consensus estimate of $213.18 million by 5%.
Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.
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