Netflix reports — What to know in markets Tuesday
Though Tuesday will be a packed day with some notable earnings reports, one big name in focus will be Netflix (NFLX), when the streaming service reports after the bell.
The streaming wars continue to heat up. Just last week at its annual investor day, Disney (DIS) announced its highly-anticipated Disney+ streaming service. Disney+ will be launching November 12 and will feature content from its major brands, including Marvel, Pixar, and Star Wars, as well as more original content.
The Disney+ announcement adds pressure on Netflix as the streaming space has gotten more crowded and companies fight to hold onto valuable subscribers.
Analysts are expecting Netflix to have added around 7.3 million paid subscribers internationally during the first quarter and 1.9 million in the U.S. The company is anticipated to have earned 76 cents per share on $4.51 billion in revenue during the first quarter.
Other major earnings reports scheduled for Tuesday include Bank of America (BAC), BlackRock (BLK), Comerica (CMA), Johnson & Johnson (JNJ) and UnitedHealth (UNH) before market open. CSX (CSX), Interactive Brokers (IBKR), IBM (IBM) and United Continental (UAL) report after after market close.
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Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung.
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