KQED Nightly Business Report April 19, 2016
Earnings today after the bell and the two companies have one thing in common investors are disappointed. First netflix. Shares falling and falling hard initially in afterhours trading. The Video Streaming Service says it wont add as many subscribers this quarter as expected. The reason, price increases. And on the other hand, the numbers for the most recent quarter werent bad. Not bad at all. In fact, the Company Earned 6 cents a share, doubling expectations of 3 cents a share. Revenue a little shy of estimates but up 24 from the prior year. It was, however, the subscriber forecast that got sh...