Netflix misses earnings estimates, citing Brazilian tax dispute

Financial Performance - Revenues aligned with expectations at $1151 billion [1] - Earnings per share (EPS) reported at $587, missing the estimate of $697% [1] - Operating margin was 282%, lower than the street account estimate of 317% and below the guidance of 315% [2] Explanations for Underperformance - Lower than anticipated operating margin attributed to an expense related to an ongoing dispute with Brazilian tax authorities [2] Future Outlook - Company guides to Q4 revenues ahead of estimates [2] - Company guides to Q4 EPS a penny ahead of the street account estimate [2]