Inflation is knocking at the door

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By Ulises in Business
Updated 3 years ago

When you see American Airlines fall 8% because it announced a bigger-than-expected loss in the first quarter, you are fine with that information. But when you see Netflix plunge 10% after-market because it missed estimates, that's a shocker. Netflix surprised to the downside yesterday, as the company added less than 4 million subscriptions in the first quarter versus 6 million expected by analysts and said it expects to add just one more million in June quarter, that's a quarter of the 4 million expected by analysts. So, the low production costs helped but didn't compensate for the slow revenue stream due to less production as well. It appears that Netflix started feeling the pinch of the end of the lockdown measures and the company could be reaching its potential for now.

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