Netflix stock tanks on paid subscriber miss

Netflix shares were down 10% in extended trading yesterday after the company released its second-quarter earnings report.

International paid subscriber additions were 2.8 million, below the 4.8 million analyts expected.

Earnings per share, however, were 60 cents. That beat the 56 cents analysts were looking for. Revenue of $4.9 billion was roughly on par with analysts' predictions.

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