Netflix subscribers down, Wall Street disappointed

Greg Sandoval @ Media Maverick - on 24/10/11
As expected, Netflix Loading... subscribers hammered the company in the third quarter for raising prices on a popular subscription plan as well as for spooking them with a now scuttled attempt to spin off DVD-by-mail operations. The company reported 23. 8 million domestic subscribers in the quarter ending September 30. Read more

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Summary

Netflix shares get pummeled in after-hours trading after the Web's leading video-rental service reports fewer subscribers than expected.

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