Shares of Netflix Inc. fell almost 30% Monday evening in a fresh plunge after the struggling company issued a weaker-than-expected earnings forecast for the current quarter
LOS ANGELES (MarketWatch) — Shares of Netflix Inc. fell almost 30% Monday evening in a fresh plunge after the struggling company issued a weaker-than-expected earnings forecast for the current quarter.
Netflix /quotes/zigman/87598/quotes/nls/nflx NFLX -26.43% shares recently slid 28% to $85.60 in heavy volume as the DVD and streaming-video company said it expects fourth- quarter earnings of 36 cents to 70 cents a share. Analysts polled by FactSet Research currently expect per-share earnings of $1.05.
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