(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…
