Netflix Stock Drops After Missing Revenue Guidance for Third Quarter
Netflix (NFLX) shares fell nearly 9% in after-hours trading following revenue guidance below Wall Street estimates. The stock is now near a two-year low, with year-to-date losses exceeding 21%. Despite strong earnings results and plans to boost advertising revenue, slowing subscriber growth concerns investors.
Tickers: $NFLX
Topics: Netflix revenue guidance miss stock price drop subscriber growth