Netflix Misses Q2 Subscriber Projections, Sending Shares Tumbling After Hours

High-flying streaming service Netflix missed its own forecasts for subscriber growth in the second quarter, falling short by 1 million net additions. Netflix added 5.2 million subscribers in the quarter, well shy of the the 6.2 million net new additions reflected in its own forecasts, which was the general neighborhood of most Wall Street analyst predictions. The company’s stock dropped more than 13% in after-hours trading following a 1% gain during the trading day to a…

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