Netflix reported earnings Monday that beat expectations as it added streaming-video subscribers, though not as many as analysts had expected.
Netflix stock fell more than 6 percent after the report. What's the stock doing now? (Click here to get the latest quotes.)
The company added 630,000 new subscribers to its U.S. streaming service, bringing the total number of domestic subscribers to 29.8 million. The gain was in the middle of Netflix's own forecast issued in April but fell short of the average expectation from Wall Street analysts of 700,000, Sterne Agee analyst Arvind Bhatia said.
"It's a mixed quarter, not good enough for the stock to move up a bit," Bhatia said.
Internationally, Netflix gained 610,000 new streaming users, for a total of 7.75 million international subscribers.
The stock has soared 183 percent this year, which set the bar high for second-quarter results.
"The stock was priced for perfection going into the quarter, hence the sell-off," Evercore Partners analyst Alan Gould said.