**Netflix** smashes earnings expectations with 9 million new subscribers – stock falls on revenue guidance
Los Gatos, CA – Netflix reported a strong first quarter performance, surpassing expectations with over 9 million new subscribers added during the quarter. The company’s revenue for the quarter was $9.37 billion, a 14.8% increase from the same period last year. Despite this positive news, the stock price fell over 3% in after-hours trading due to disappointing second quarter revenue guidance. The significant subscriber additions of 9.3 million exceeded forecasts of 4.8 million, following the …