Netflix Stock Plunges 9% After Hours

FIRSTonline: Netflix stock market plunges after co-founder Hasting's departure and modest second-quarter estimates Netflix stock market plunges after co-founder Hasting's departure and modest second-quarter estimates Netflix shares fell after its first-quarter earnings report. The stock had been on a tear after backing away from its plan to buy Warner Bros. PRIMETIMER on MSN: Netflix stock drops after company reiterates guidance and Reed Hastings announces board exit Netflix stock drops after company reiterates guidance and Reed Hastings announces board exit Insider: Netflix shares plunge after weak guidance and news that cofounder Reed Hastings will leave the board Netflix shares plunge after weak guidance and news that cofounder Reed Hastings will leave the board Invezz on MSN: Netflix stock slumps 10%: why analysts see a buying opportunity Shares of Netflix tumbled on Friday after the streaming giant issued weaker-than-expected guidance for the current quarter, overshadowing a strong first-quarter earnings beat and triggering a sharp ...

Understanding the Context

Netflix forecasted second-quarter (Q2) profit below Wall Street estimates and announced the departure of Chairman Reed Hastings, sending its shares tumbling more than 10% after the Friday market open. Investopedia: Netflix Stock Tumbles On Disappointing Outlook—Why Analysts Remain Bullish On The Streaming Giant Netflix shares plunged in early trading Friday after the streamer's outlook for the second quarter came in lighter than expected. Netflix Stock Tumbles On Disappointing Outlook—Why Analysts Remain Bullish On The Streaming Giant Yahoo Finance Canada: Netflix Stock Tumbles 9% on Weaker Than Expected Earnings Forecast Netflix shares fell following its first-quarter earnings report and second-quarter guidance, with the stock dropping nearly 10% as investors reacted to slightly weaker near-term outlook expectations. Netflix topped Wall Street expectations for earnings and revenue in the first quarter, but the streaming giant’s shares still took a dive in after-hours trading Thursday.