Netflix shares fall 1.16% premarket despite strong Q2 earnings and positive analyst ratings.

Netflix, Inc. fell 1.16% in premarket trading. The company reported strong financial results for the second quarter, with earnings per share of $7.19, exceeding analyst expectations. The revenue, however, was in line with analyst projections. Additionally, Netflix's equity buyback plan and the positive outlook from analysts, including UBS and Jefferies, who have raised their target prices, contributed to the overall bullish sentiment.