Oct 21 Netflix earnings disappoint on Brazil tax dispute

$ISRG $GE $NDAQ

Market

“An ongoing dispute with Brazilian tax authorities resulted in a big earning miss (with inline revenue) for Q3 and $NFLX ( ▼ 1.7% ) inched lower by 8% after hours😊 😋

Markets were mixed on more earnings, but the big moves are next week earnings

Netflix revenue grew 17% YoY in line with expectations, but operating margins of 28% were lower than 32% guide. The dispute with Brazilian tax authorities resulted in a charge that they are still disputing.

Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.

Insights from the portfolio

Video of the day

Today’s video is on Intuitive Surgical $ISRG ( ▼ 0.87% ) which went up 25% on earnings.

Deep dive of the day

Good setups for swing