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- Oct 21 Netflix earnings disappoint on Brazil tax dispute
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.
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Today’s video is on Intuitive Surgical $ISRG ( ▼ 0.87% ) which went up 25% on earnings.


