Strong subscriber growth has long driven Netflix soaring stock price -- up 75% year-over-year as of the closing bell. But it turns out shareholders are paying attention to the details. Shares of the video streaming services were deeply in the red Wednesday afternoon after the company announced slower than anticipated U.S. subscriber growth. The stock decline, despite stronger than anticipated growth abroad.
Netflix Shares Tumble As U.S. Subscriber Growth Falls Short Of Company's Forecast
Forbes - 14 Oct 2015 22:34
Strong subscriber growth has long driven Netflix soaring stock price -- up 75% year-over-year as of the closing bell. But it turns out shareholders are paying attention to the details. Shares of the video streaming services were deeply in the red Wednesday afternoon after the company announced slower than anticipated U.S. subscriber growth. The stock decline, despite stronger than anticipated growth abroad.
Share this Article
Recommended