Netflix Shares Drop After Wall Street Gets It Wrong
By CCN: It’s been a whipsaw day for Netflix investors, one that has taken a turn for the worse. After rising more than 4% earlier in the day, Netflix shares turned negative in after-hours trading. The streaming content-giant just unveiled its Q1 earnings, and Wall Street didn’t like what it saw. While Q1 performance surpassed expectations, it was the closely watched future outlook that spooked investors. Prior to the earnings report, which was announced after the closing bell, Netflix shares were on a roll, rising to $361. Wall Street analysts fueled the rally with bullish ratings and price predictions, something
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