Netflix Stock Slides 11 Percent After Revenue Misses

Netflix shares tumbled 11 percent following a second quarter revenue report that fell short of analyst targets. The company reported revenue of 12.56 billion dollars, which missed the marks set by financial experts.

The selloff intensified after the company provided third quarter guidance of 12.86 billion dollars. This forecast came in lower than the 13 billion dollars that many on Wall Street were expecting.

Investors are now weighing how this slower growth trajectory impacts broader market sentiment. Traders should keep a close watch on how tech stocks perform in the coming days as the market reacts to this earnings disappointment.