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Netflix Obliterated After Guiding To Half Expected Q4 EPS, Streaming Adds Hit Brick Wall: Stock Down $100

From zerohedge.com

Curious why Netflix is being obliterated after hours, plummeting to 5 month lows, down some $100, or 24% after hours after reporting earnings? The answer is highlighted in the Q3 investor letter, and specifically the red highlighted number, which is NFLX' guidance for Q4 EPS: The problem is that the $0.44 guidance is about half of the $0.84 expected. And that's not all: the 4.00 million net additions is about 700k below the expected, with domestic and international streaming adds of 1.85 million and 2.15 million, respectively, are below the 2.15 million and 2.38 million expected. In other words, the growth is over, ... (full story)

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