Netflix misses earnings estimates, citing Brazilian tax dispute

Revenues right in line with expectations at 11.51% billion, but earnings a big miss. The company reporting five $587 in in earnings in EPS. The estimate was for $6.97%.The company explaining this saying that our operating margin of 28.2% 2% was versus the 31.7% uh street account estimate saying that was below the guidance of 31 a.5% due to an expense related to an ongoing dispute with Brazilian tax authorities that was not in our forecast. So explaining that lower than anticipated operating margin as a resu ...