TradingKey – In pre-market trading on October 21 US Eastern Time, Netflix (NFLX) fell more than 6% in pre-market trading today to around $64.50 after reporting its financial results in the previous trading session. Technical analysis indicates that $65 serves as a key support level; if this level fails to hold, the stock will enter a deeper pullback.
Netflix reported third-quarter revenue of $12.874 billion, up 11.8% year-over-year, largely in line with the company’s previous forecast of approximately $12.9 billion. Operating profit reached $4.459 billion, with an operating margin of 34.6%, up from 28.2% in the same period last year. Net income stood at $3.664 billion, while diluted earnings per share reached $0.87, topping market…
