Netflix Plunges 14% Following Missed Q2 Expectations
This article was originally published on ETFTrends.com.
Netflix (NFLX) plunged over 14% after the close Monday afternoon following the release of its second-quarter report, which showed a considerable miscalculation of expected subscriber additions by the company. For the first time in five years, Netflix missed its subscriber addition projections by roughly one million, adding 5.15 million subscribers compared to its forecast of [...]