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July 18, 2016 08:25 pm GMT
Netflix reported earnings after the bell on Monday, seeing its shares quickly tumble 15% in after-hours trading after missing the mark on subscriber growth. In the second quarter of the year, the digital entertainment company added just 1.7 million members, beneath the company’s own forecast of 2.5 million new customers. This is also significantly below the 3.3 million members that… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WcW02XTjTxM/
Netflix falls 15% after missing subscriber expectations
Netflix reported earnings after the bell on Monday, seeing its shares quickly tumble 15% in after-hours trading after missing the mark on subscriber growth. In the second quarter of the year, the digital entertainment company added just 1.7 million members, beneath the company’s own forecast of 2.5 million new customers. This is also significantly below the 3.3 million members that… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/WcW02XTjTxM/
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