News Summary: Netflix's 2Q growth disappoints
News Summary: Netflix's 2nd-quarter subscriber gains aren't enough to satisfy Wall Street
REALITY CHECK: Netflix's second-quarter earnings more than quadrupled, but the Internet video service didn't add as many U.S. subscribers as many investors hoped with the much-anticipated revival of the comedy series "Arrested Development." The company's stock price had nearly tripled since the beginning of the year, partly because of those lofty expectations.
BREAKING IT DOWN: The numbers released Monday showed that Netflix Inc. picked up 630,000 U.S. subscribers during the three months ending in June. That was above the mid-range of Netflix's forecast calling for a gain of 230,000 to 880,000 U.S. subscribers.
MARKET REACTION: Netflix's stock slipped by almost 4 percent in extended trading.
