19-04-2016 00:00 via news.yahoo.com

Netflix shares plunge as subscriber forecasts miss estimates

Streaming video service Netflix Inc forecast its number of U.S. and international subscribers would grow at a slower pace than Wall Street expected this quarter, sending its shares tumbling 10 percent in after-hours trading. Netflix said it expected to add about 500,000 customers in the United States in the second quarter that ends in June, compared with Wall Street targets of 586,000, according to FactSet StreetAccount. Netflix, known for its original shows such as "Orange Is The New Black" and
Read more »