Netflix Tumbles After Subscriber Adds Miss Forecasts: ChartBy
Shares of Netflix Inc. fell in extended trading after missing forecasts. The company added 1.68 million users in the second quarter of 2016, falling short of its own estimates as higher prices for some older customers spurred an increase in cancellations. This quarter, Netflix expects to add 2.3 million net new subscribers, including 300,000 in the U.S. and 2 million internationally.
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