Netflix shares down as DVD subscribers drop

Markets Reuters

Netflix

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The top video rental company, which angered customers recently with a price hike and other stumbles, said revenue rose 49 percent from a year earlier to $822 million in the quarter that ended in September. The company reported earnings per share of $1.16 on net income of $62 million.

Analysts had expected revenue to hit $811.59 million with earnings per share of 94 cents, according to Thomson Reuters I/B/E/S.

Netflix shares fell 19.2 percent to $96 in after-hours trading.

(Reporting by Lisa Richwine, editing by Bernard Orr)

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