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StockWatch: Netflix Subscribers Switch Off

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Netflix​ kicked off 2021​ with a huge subscriber​ miss. The streaming​ service only added about 4 million people between January and March, well short of the projected 6 million.

However, Q1 profits were still up by $1.7 billion, and revenue jumped to 24%, to $7.1 billion.

Shares of Proctor​ & Gamble​ rose more than 1% in midday trading yesterday after the company topped Wall Street​’s earnings and revenue estimates.

P​&G also announced it will hike prices on some products in September to respond to higher commodity costs.

– NFLX​ 03:00​
– PG​ 04:00​

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