Netflix shares jump 3 per cent ahead of quarterly results report; Disney in focus GlobeTechnology
Lucy Nicholson/Reuters
Netflix will be the first to report March-quarter earnings among major high-growth firms and Wall Street’s reaction to its results will be viewed as an indicator of what to expect when Amazon.com Inc and Facebook Inc report next week. On Jan. 18 following its last quarterly results, Netflix dropped 4 per cent over concerns about slowing growth, and investors are now focused on how Chief Executive Officer Reed Hastings plans to fend off a major challenge from Walt Disney, with its upcoming Disney+ streaming service.
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