Wall Street analyst react to Netflix's earnings report - CNBC

Netflix Co-founder and Chief Executive Officer Reed Hastings.

Stephane De Sakutin | AFP | Getty Images

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Wall Street analysts are standing by Netflix after an underwhelming earnings report on Thursday after the bell that sent the shares lower.

The streaming giant came into the second-quarter results with huge expectations as analysts and clients believed the stay-at-home stock would be a beneficiary of the coronavirus pandemic. 

But Neflix provided weaker than expected third-quarter guidance of subscriber additions, sending investors for cover. The company did beat on revenue for the second quarter, but missed on earnings per share leaving some analysts scratching their heads and wondering if the momentum can continue.

Shares are down 7% in premarket trading.

Here's what analysts are saying about the company's second-quarter earnings report:

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2020-07-17 10:28:00Z
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