Netflix (NFLX) will report its financial results for the last quarter of 2019

📣 Today, the US company Netflix (NFLX) will report its financial results for the last quarter of 2019. This report is important as the reporting period includes the weeks when competing services from Disney and Apple began to compete with Netflix.

✅Netflix earnings per share for the reporting period is expected to be $0.52 versus $0.30 a year earlier, revenue will increase from $4.2 billion to $5.5 billion, and reach audiences of 7,2 million users worldwide. The forecast, which will be published with the quarterly report, will be more important for the share price.

👉 The market has bull trend since the end of September. We have “Golden Cross”. The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.