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NFLX: Netflix shares fall 20% in early trading

Originally published: July 25, 2012 9:33 AM
Updated: July 25, 2012 9:37 AM
By THE ASSOCIATED PRESS

Netflix signed 2.05 million new U.S. Internet subscribers

Photo credit: Getty Images | Netflix signed 2.05 million new U.S. Internet subscribers in the fourth quarter, bringing total domestic online customers to 27.2 million, the Los Gatos, Calif.-based company said Wednesday on its website. (Jan. 29, 2002)

Netflix Inc., the world's largest video-subscription service, fell 20 percent in early trading after raising doubts about whether the company can meet its user-growth targets this year.

Netflix tumbled to $64.53 at 7:50 a.m. New York time, after reporting second-quarter earnings yesterday. The Los Gatos, California-based company had gained 16 percent year-to-date.

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