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Netflix investors seek signs of resurgence after July letdown


Netflix has tripled in value over the past three years by posting record subscriber growth that consistently exceeds Wall Street forecasts. — AFP

Netflix has tripled in value over the past three years by posting record subscriber growth that consistently exceeds Wall Street forecasts. — AFP

Netflix Inc will make its most important announcement of the year on Oct 16, reporting how many new customers signed up for the world’s largest paid online TV service over the past three months.

With tech stocks taking a drubbing this month, investors will be seeking reassurance that the company’s disappointing second quarter was just a blip and not a sign of more to come. Netflix has tripled in value over the past three years by posting record subscriber growth that consistently exceeds Wall Street forecasts.

   

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