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Netflix will release its earnings report tonight, and it needs to far exceed expectations to impress investors.
Jin10 data reported on July 17, streaming giant Netflix (NFLX.O) will announce its earnings later on Thursday, making it a focal point for investors. Pepperstone’s research director Chris Weston stated that Netflix has significantly outperformed the S&P 500 by 33 percentage points so far this year, and the market fully acknowledges its bullish investment outlook. Therefore, Netflix needs to exceed expectations in its earnings report and guidance to catch the market’s attention.