Heard on the Street: Netflix has new competition from Apple and Disney, but its international growth should be enough to keep the stock humming
Netflix is far and away the dominant player among streaming platforms. As rivals including Walt Disney and Apple have amped up investments and unveiled their own streaming plans, Netflix investors have appeared mostly unfazed—though they did falter a little when Disney announced its streaming plans last week, sending Netflix shares down 5%. On Tuesday, some of those anxieties resurfaced.
The company posted first-quarter earnings of 76 cents a share, soundly beating estimates of 57 cents a share, and revenue of $4.52 billion—a...
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