In the days leading up to Netflix’s third-quarter earnings on Tuesday, investors were beginning to get edgy (Miles Costello writes). The American-listed streaming giant had already briefed shareholders to expect the record rate of subscriptions growth recorded during the first half to slow during the three months to the end of September and tensions were mounting over what the numbers would look like.
Nevertheless, hopes among some analysts — and plenty of the small investors who hold the stock — remained high.
In the event, Netflix undershot even its own forecasts on subscriber growth over the third quarter, sparking a minor sell-off in the shares and leaving some stockholders rattled. Could it be that this long-running hit show for the stock market is finally drawing
