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TheStreet: I’m Concerned About Netflix says Cramer

June 5, 2023
in Trade Tube
Reading Time: 1 min read
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Netflix did not offer a coherent vision for its U.S. business and that is concerning, said TheStreet’s (TST) Jim Cramer. Shares of Netflix are sharply down Tuesday after the video streaming company posted second quarter earnings of 9 cents a share on $2.1 billion in revenue. Wall Street consensus had been for earnings of 2 cents a share and $2.11 billion in revenue. The company, known for its original shows including House of Cards and Orange is the New Black, said it added 1.7 million new subscribers in its second quarter, below its forecast 2.5 million new customers and the 3.3 million it added in the same quarter a year earlier.

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