Netflix Stock Price Crashes In After-Hours Trading

[psycopk]

Netflix today reported a third-quarter profit of $59 million, up from $32 million a year ago. But the company failed to attract as many new subscribers as it had predicted, calling it “over-forecasted” on membership growth.

In after-hours trading the stock (NASDAQ:NFLX) plunged more than one hundred points (over 23%) to 339 on the news.

“We over-forecasted membership growth,” Netflix said in a letter to its shareholders. The company added just one million new members in the US, with an additional two million coming from international markets. In all, Netflix now has 53.06 million members in both domestic and international markets.

Netflix attributes new prices to the miss and the positive reaction of “Orange is the New Black” wearing off before the third quarter. “As best we can tell, the primary cause is the slightly higher prices we now have compared to a year ago. Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US,” the company said.

 

Going forward, the company has factored the higher prices into its Q4 member forecast, but that hasn’t stopped Wall Street from selling off the stock in after-hours trading.

The news HBO is about to enter the streaming space probably didn’t help anything either.

[Aryaa]

Choosa mayya 400 put kondam ani konaledu

Oka 1K petti untey 20K vachedi

[Spartan]

rates penchesi bakwaas movies pedite..evad teskuntad subscription..

 

a tokkalo serials chudataniki time evadi deggara undi..cinema ante chustar kaani..

 

serials ki dabbul evad pedtad..

[pythonic]

Veedu inka kotha markets ki velthe better...US lo almost saturation reach anne annukovali.. 

[donganaaK]

23% ah but not a surprise ... ee stock antha volatile technology stock nenu edi chudaledu .... chinna chinna news ke big fluctuations untay

[psycopk]

23% ah but not a surprise ... ee stock antha volatile technology stock nenu edi chudaledu .... chinna chinna news ke big fluctuations untay

 

oka time lo 250 nundi 90 ki velindi.. naku mind block aaindi... alanti stock lo investments enta varaku safe ani...

[Aryaa]

oka time lo 250 nundi 90 ki velindi.. naku mind block aaindi... alanti stock lo investments enta varaku safe ani...

But 90 lo chesi untey 480 vellindi

[psycopk]

But 90 lo chesi untey 480 vellindi

 

correct ee .. but kasta jeevulam kada.. safe aaite ne digudam anipinchindi... competitors kuda chala heavy.. hulu, hbo, amazon, comcast, youtube.. etc.. anduke risk anipinchi li8 tesukuna

[donganaaK]

oka time lo 250 nundi 90 ki velindi.. naku mind block aaindi... alanti stock lo investments enta varaku safe ani...

 

yeah tarvatha inka padindi ...  nenu 66 meeda konna bhaiyya ee stock ni  i sold off everything at arnd 150 later ...

[Aryaa]

correct ee .. but kasta jeevulam kada.. safe aaite ne digudam anipinchindi... competitors kuda chala heavy.. hulu, hbo, amazon, comcast, youtube.. etc.. anduke risk anipinchi li8 tesukuna

Anthey mayya ee pedda investors manipulate chestaru. Like Carl Icahn. He bought huge stake at 90 and sold at 400.And made $1 billion

4-5 months back he sold

[psycopk]

yeah tarvatha inka padindi ...  nenu 66 meeda konna bhaiyya ee stock ni  i sold off everything at arnd 150 later ...

 

good move

[psycopk]

Anthey mayya ee pedda investors manipulate chestaru. Like Carl Icahn. He bought huge stake at 90 and sold at 400.And made $1 billion

4-5 months back he sold

 

manam eppudu valla range ki reach avali..

[Spartan]

manam eppudu valla range ki reach avali..

 

MSFT shares anni ammesi dantlo pettu baa. :D

 

 

nenu monna ammesinattu

[Aryaa]

manam eppudu valla range ki reach avali..

Time ki turbines tiragali Edina mega lotto lottery tagalali

[donganaaK]

Anthey mayya ee pedda investors manipulate chestaru. Like Carl Icahn. He bought huge stake at 90 and sold at 400.And made $1 billion

4-5 months back he sold

 

vaadoka worst fellow gadu ... lots of small investors lost a lot because of him , asala DELL ni private ki teeskellatam aithe too much ..... Apple tho kuda ilaage games adaali ani chusadu but Tim cook gadu oka sari public ga warning ichadu vaadiki