Reginal Thomas
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Reginal Thomas in reginal thomas,

Netflix Stocks Down Despite Great Second Quarter Reports

Netflix (NASDAQ: NFLX) had a revenue of $1.07 billion for its second quarter in 2013 but for some reason the stock dropped 7% in after hour trading. 

Netflix added 630,000 streaming subscribers in the U.S. during the second quarter totaling 29.81 million domestic and 8 million international subscriber. Great news but its still short of the 900.000 analysts hoped Netflix's would be able to bring in based on its original series, particularly its resurrection of Arrested Development. 
This short coming in subscribers had lead to analysts forecasting a lower than spectacular third quarter so people are now selling their long positions in the company. But if we are betting on the future of this company based on the shows it brings back I vote they bring back the Fox series; 24 I miss Jack Bauer.