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Market summary: US

Netflix stock slammed after earnings, as subscriber growth and revenue fall short

MarketWatch — Last Update:

Company's guidance for new subscribers and revenue also below consensus. Netflix Inc. (NFLX.NaE) posted weaker-than-expected second-quarter subscriber numbers and revenue Monday afternoon, sending its stock into a sharp dive during after-hours trading. Netflix shares traded 12% lower in premarket action Tuesday after the Los Gatos, Calif.-based company announced it added 5.15 million streaming users in the second quarter, a substantial drop from the 6.2 million estimate the...

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