Netflix Inc. posted second-quarter subscriber gains that missed forecasts, rattling investors who bid the stock up almost threefold this year on expectations original shows would fuel faster growth.
Netflix, Inc. (NASDAQ:NFLX) added 630,000 subscribers in the U.S. during the second quarter, the company announced yesterday. That’s in the range of the guidance the company provided three months ago, but it may disappoint investors who were hoping that new shows like “Arrested Development” could bring in something closer to 900,000 new customers.
CEO offered a frank assessment of the risk to investors
Chief Executive Officer Reed Hastings offered a frank assessment of the risk to investors as Netflix,...
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