Netflix will reveal its fourth quarter results and one prognosticator thinks its going to be BAD!
After the debacle of the July 2011 “revamp,” Netflix’s costs have continued to rise as their profits decrease.
The company lost a whopping 67.8% percent of its value since Juiy 2011.
Wedbush Securities analyst Michael Pachter says that Netflix stock performance looks grim, marking its rating as an “underperform.”
Netflix’s head honchos predicted that investors would lose 29 cents a share but Pachter predicts it could be closer to a 62 cent loss.
Word is mum from Netflix CEO Reed Hastings.
We’ll see if Netflix pulls out of its funk.