Netflix shares drop after subscriber forecast

A Netflix disk envelope is displayed in EncinitasLOS ANGELES (Reuters) – Netflix Inc signed up fewer new U.S. subscribers than Wall Street expected and rolled back the total number of customers for the year, sending its shares plunging 15 percent. Netflix said on Tuesday it added 1.2 million new customers to its on-demand TV and movie streaming service in the United States during the July to September period, for a total of 25.1 million. Shares of the company fell 15 percent to $58.04 in after-hours trading, down from an earlier $68.22 close on Nasdaq. …

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Netflix shares drop after subscriber forecast

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