While Netflix reported second-quarter revenue and earnings in line with analyst estimates on Thursday, it still faced backlash from what many called a disappointing earnings forecast, with its stock dipping over 8% on Thursday, CNBC reported.
For the period ending June 30, Netflix earned 80 cents per share versus an estimated 79 cents, had revenue of $12.56 billion versus an anticipated $12.59 billion.
Revenue is up 13% year over year, but slightly missed analyst expectations.
