Should Investors Buy the Netflix Dip?
Netflix's stock was under pressure following its Q3 earnings report.Netflix's (NFLX 1.70%) share prices sank after the video streaming company's results came up short of analyst estimates. While revenue came in line with the consensus, earnings per share (EPS) fell well short due to an unexpected Brazilian tax charge. The company had been in a dispute with Brazilian tax authorities, but took the expense after it felt it could not win in court. However, it was not in its prior guidance, leading the company t ...