🔴 Netflix is trading 4.16% down in after-hours trading on softer full-year advertising outlook

Netflix is trading 4.16% down at $65.65 after management moderated its full-year advertising revenue outlook, which appears to have outweighed strong third-quarter results.

• The October 20 third-quarter report showed revenue of $12.9 billion, up 12% year over year; EPS of $0.87 beat expectations, and operating margin reached 34.6%.
• Major U.S. indexes finished higher, so broad-market weakness does not explain the decline.