Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

Netflix, Big Lots: After-Hours Trading

Category : Stocks

NEW YORK (TheStreet) — Shares of Netflix dropped in late trades after the DVD and streaming content company disappointed Wall Street with its subscriber outlook for the second quarter.

“Due to this increased net add quarterly seasonality, Q2 net adds will be below those of 2010, despite Q2 gross adds following the traditional seasonal pattern, and despite us expecting to match 2010 in annual net additions,” the company said in a letter to shareholders accompanying the release of its first-quarter results.

The stock was last quoted at $86.30, down 15%, on volume of 3.7 million, according to After being among the worst performers in the broad market in 2011, Netflix shares have outperformed so far this year, rising more than 50%.

Click to view a price quote on NFLX.

Click to research the Specialty Retail industry.

Link: Netflix, Big Lots: After-Hours Trading

Penny Stock Picks

Post to Twitter

Post a comment