Obfuscating: Analysts find the vague excuse Netflix gave for not hitting its forecast subscriber numbers is ridiculous.
Video-streaming service provider Netflix Inc reported third-quarter US subscriber additions below its own forecast, blaming a transition to chip-based cards for the miss.
Shares of Netflix, known for its original shows such as House of Cards and Orange is the New Black, plunged about 15% after the bell, before clawing back to trade down 2.4%.
