Netflix, Inc. (NFLX) Plunges As Subscription Estimates Miss

Netflix, Inc. (NASDAQ:NFLX) released its earnings report for the second fiscal quarter 2013 this afternoon after the market closed in New York. The video streaming service showed earnings of $0.49 per share for the three month period on revenues totaling $1.07 billion. On today's market, stock in Netflix, Inc. (NASDAQ:NFLX) trended downward and finished the day at $261. 96 per share.

The same quarter of 2012 saw Netflix, Inc. (NASDAQ:NFLX) earn 11 cents per share on revenue of $889 million. Analysts following Netflix, Inc. (NASDAQ:NFLX) were looking for earning per share of 40 cents...