Netflix Shares Dip On Subscriber Slowdown, But Wall Street Bulls Still Buy The Story

At about $492, the stock fell below the $500 mark for the first time since September 30. After the close of trading Tuesday, the company reported adding 2.2 million global subscribers, which was below its own forecast. Earnings per share of $1.74 also missed the company’s guidance. The consensus for both metrics among Wall Street analysts was higher, with some expecting more than 5 million new customers. – Dade Hayes, Deadline Hollywood » https://ift.tt/37wWNCr