Netflix Falls as Forecast Trails Estimates
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Netflix Inc. shares fell the most in more than two months amid investor concern that an accelerated international expansion may hurt profitability.
This quarter, Netflix forecast profit of 89 cents a share, according to a statement yesterday, short of the $1.02 projected by analysts. The stock slipped 4.6 percent to $431.09 at the close in New York, the biggest decline since May 6.