Thursday, July 2, 2020

NETFLIX EARNINGS PLUNGE — AS DOES ITS STOCK

October 24, 2012 by · Leave a Comment 

Netflix, which continues to show ambivalence in support of its original DVD-by-mail operation, reported an 88-percent drop in third-quarter net income Tuesday, triggering another sell-off of shares by investors. At mid-morning Netflix shares were down nearly 15 percent to 58.55 on the Nasdaq but regained some of its losses after it was reported that its […]