Doing the slide, Netflix stocks is sliding after missed analyst expectations

Streaming giant Netflix led Friday’s decliners, sliding 9.3% in premarket trading after its quarterly results failed to impress investors despite modest earnings beat.

The company reported second-quarter revenue of $12.56 billion, narrowly missing analyst expectations, while earnings per share of $0.80 came in just above forecasts. Investors instead focused on weaker-than-expected third-quarter guidance, raising fresh questions over the sustainability of subscriber and revenue growth following a prolonged rally in the stock.