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Media & Streaming

  • Netflix dropped 5% Friday notwithstanding solid earnings.
    The Wall Street Journal notes that in an elevated market “good results may not be good enough.” Shares fell 5% on Friday despite the streaming giant reporting a beat on both the top and bottom lines and raising its full-year guidance.
  • “An overall ‘good’ set of results and guidance were not good enough for elevated expectations,” William Blair analyst Ralph Schackart.

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