Netflix slides despite beat-and-raise amid sky-high investor expectations

  • Netflix Inc (NASDAQ:NFLX, ETR:NFC) delivered another blockbuster quarter, beating estimates and raising its full-year outlook, yet its shares fell almost 5% with analysts pointing to sky-high investor expectations as the cause. Analysts at Bank of America and UBS largely agree on the strength of the streaming giant's fundamentals, attributing the market's tepid reaction more to Netflix's elevated valuation than any shortfall in the results themselves.