Netflix subscriber growth misses estimates; shares tumble

(Reuters) – Netflix Inc missed Wall Street forecasts for U.S. and international subscribers, saying it had overestimated the pace of new additions for April through June but remained confident in long-term growth.

The company’s shares, which have more than doubled this year, fell 14 percent to $346.71 after the bell on Monday.

The company added 670,000 subscribers in the United States, well below analysts’ estimates of 1.19 million, according to…


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