Netflix Falls Short On Subscriber Target, Spooks Investors
The streaming service and production house fell short of its second-quarter target by more than a million subscribers, even as it posted better-than-expected earnings for the period.
Netflix says its faulty forecasting caused it to miss its target for new subscribers, falling short by more than a million even as it reported quarterly earnings that beat analysts' expectations.
The streaming service that has ventured in recent years into original, and , , or 85 cents a share, up from 15 cents a share the previous year. Revenue was up 6 percent to $3.9 billion.
