Netflix Tanks On Weak Subscriber Growth, EPS Outlook

By | October 15, 2014

Scalper1 News

Internet TV network Netflix late Wednesday missed its own forecast for third-quarter subscriber additions and gave a fourth-quarter earnings outlook well below Wall Street’s estimates. Investors changed the channel and dumped Netflix (NFLX) in after-hours trading, with the stock off 26% to 334. It ended the regular session down 53 cents to 448.80. Netflix earned 96 cents a share in Q3, 3 cents ahead of consensus estimates and up Scalper1 News

Scalper1 News