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Netflix Inc. shares fell the most in more than seven months after the world’s most valuable entertainment company said a tax dispute with Brazil cut into third-quarter earnings. Operating income was $3.24 billion in the three months ended Sept. 30, according to a statementBloomberg Terminal Tuesday, about $400 million below its own forecast and analysts’ […]
Netflix Inc. shares fell the most in more than seven months after the world’s most valuable entertainment company said a tax dispute with Brazil cut into third-quarter earnings.
Operating income was $3.24 billion in the three months ended Sept. 30, according to a statement Tuesday, about $400 million below its own forecast and analysts’ estimates. The company’s outlook for the current quarter is largely in line with Wall Street projections.
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