Record profit for Netflix, sharp fall in share price

Netflix posts quarterly net profits of $5.3 billion, its highest ever. Investors, however, punish the share price with a sharp drop because of the bleak outlook. Even advertising will contribute little in the coming period. Perhaps the bigger news is the announcements by co-founder and chairman Reed Hastings that he was stepping away from the [&hellip The post Record profit for Netflix, sharp fall in share price appeared first on TechCentral.ie.