Netflix shares are trading lower after hours Monday as strong Q3 results were offset by disappointing guidance for the fourth quarter. The company laid out a shocking expected drop in its DVD-by-mail business, and warned that the combination of softening domestic business and increasing costs for international expansion are going to push the company into the red for at least part of 2012.
Read More:
Netflix Warns DVD Subs Eroding; Q4 View Weak; Losses Ahead; Shrs Plunge