Netflix (Nasdaq: NFLX) Stock Is Down 25% on This One Key Number in Earnings
October 15, 2014 at 18:21 PM EDT
Netflix Inc. (Nasdaq: NFLX) stock plummeted more than 25% in afterhours trading today (Wednesday) after the company’s Q3 earnings report showed lackluster subscriber growth. NFLX added just 980,000 U.S. subscribers during the quarter, well below analysts’ prediction of 1.37 million. Globally, the company added 3.02 million subscribers. Netflix had previously predicted 3.69 million new global subscribers. The post Netflix (Nasdaq: NFLX) Stock Is Down 25% on This One Key Number in Earnings appeared first on Money Morning - Only the News You Can Profit From .