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Is Netflix Stock a Buy Now?

TheMotleyFool

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Netflix's (NASDAQ: NFLX) stock plunged 26% during after hours trading on April 19 following the release of its first-quarter earnings report.

The streaming video giant's revenue rose 9.8% year-over-year to $7.87 billion, but missed analysts' estimates by $70 million. Its paid subscribers grew 6.7% to 221.64 million, but it missed its own target for 8% growth.

It also lost 200,000 subscribers, which represents its first quarter-over-quarter loss of subscribers since 2011. It expects to lose another two million subscribers sequentially in the second quarter.

Source Fool.com

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