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Netflix 1.16 Million Customer Signups Miss Analyst Estimates

Netflix Inc., the world’s largest online video service, reported new customer signups that missed analysts’ projections, a shortfall that forces the company to cut its U.S. growth outlook for the year. The shares fell.

Netflix added 1.16 million U.S. streaming subscribers in the third quarter, the Los Gatos, California-based company said today in a statement on its website. Analysts predicted 1.43 million, the average of 10 estimates in a Bloomberg survey.