Netflix Expects Q4 Earnings After Market Close and Bank of America Expects Q4 Earnings Before Markets Open
Netflix is scheduled to report its fourth-quarter earnings after the market closes on Tuesday, January 19. Investors will be keeping an eye on their fourth-quarter subscriptions.
Last quarter, Netflix disappointed investors after their paid subscriptions initially increased and then sharply declined. Last quarter Netflix added 2.2 million new subscribers vs 2.5 million new subscribers expected. For their fourth-quarter earnings, Netflix expects 6 million net paid additions which is a decline from the 8.8 million net paid additions in the fourth quarter of 2019.
Shares of Netflix are down over 6% in the past three months.
Bank of America
Bank of America is scheduled to report its fourth-quarter earnings before the markets open on Tuesday, January 19. Shares of Bank America closed down 2.88% last Friday, January 15.
Bank of America has experienced declining profits and revenue in the low-interest-rate environment created by the Federal Reserve. In March 2020, the Federal Reserve cut interest rates to almost zero to inject liquidity into the economy amid the pandemic.
Analysts expect Bank of America’s profits and revenue to continue to decline for the fifth quarter in a row.
Despite declining profits and revenue, Bank of America shares are up over 36% in the past three months.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.