Netflix shares fell more than 8% in after-hours trading , as a disappointing second-quarter outlook and leadership changes outweighed otherwise solid first-quarter results. Weak Guidance Sparks Sell-Off Netflix forecast Q2 earnings of US$0.78 per share , below analyst expectations of US$0.84 , while revenue is projected at US$12.57 billion , missing the US$12.64 billion consensus . The weaker guidance raised concerns over near-term growth momentum , triggering a sharp negative market reaction. Strong Q1 Performance Fails to Impress For the first quarter: Revenue rose 16% YoY to US$12.25 billion (above estimates) Earnings surged 86% to US$1.23 per share However, earnings were boosted by a US$2.8 billion one-off termination fee , reducing the quality of underlying growth. Operating margin improved to 32.3% , but still came in below expectations (32.4%) , further dampening sentiment. Rising Costs and Strategic Sh...
If you are on your own, you’re probably not saving enough for retirement. That’s the conclusion of a new study published this week by the National Bureau of Economic Research on retirement readiness from two researchers at the RAND Corporation, a non-profit research firm. In Economic Preparation for Retirement, Michael Hurd and Susann Rohwedder found that 51% of the single people in the group of 66-to-69 year olds they looked at had a strong possibility of running into serious financial troubles in retirement. By comparison, only 23% of the couples in the study were at risk of outliving their savings. The group with the most retirement risk? Women who had not completed a high school education. Of that group, 73% are likely to run out of cash before they die. Surprisingly, though, the study found that Americans are, on average, better prepared for retirement than many believe. The study looked at the finances of early baby boomers, who have recently retired or are near retirement. ...