Netflix Shares Collapsing

Matthew Boesler

After opening up nearly 9% this morning following yesterday's strong earnings report, Netflix shares have fallen rapidly, and are now down over 4%.

Netflix earnings beat  the consensus estimate by 14%. Revenues, net income, and total domestic subscriptions surprised to the upside as well.

The chart below shows the drop.

nflx
nflx

Thinkorswim



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