SAN FRANCISCO: Netflix shares swung lower Thursday as spending on original shows at the leading streaming television service weighed on quarterly revenue and competition heated up. Shares sank nearly four percent to $339.70 in after-market trades that followed release of earnings figures that showed the Silicon Valley company logged profit of $134 million on revenue of $4.2 billion in the …
Read More »Netflix shares slip as spending weighs on profits
January 18, 2019