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The Piney Point

Netflix posts higher Q3 profit but revenue growth worries pull shares lower

Netflix posts higher Q3 profit but revenue growth worries pull shares lower
Photo: KPRC 2 / Click2Houston (NBC) · view original

Netflix, which announced layoff plans last week, posted a third-quarter profit above Wall Street's expectations, but investors sent shares down after the streaming company lowered its ad sales guidance, prompting worries about slowing revenue growth. Netflix said Tuesday it earned $3.66 billion,...

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