- The stock was earlier on pace for its worst day in two years.
- Netflix shares recovered above $379 by midday.
- The initial drop is a notable stumble for one of the best-performing stocks of the year.
The stock was earlier on pace for its worst day in two years, tracking for the name's biggest single-day drop since July 19, 2016, when it fell 13 percent after a similar earnings report of weaker-than-expected subscriber growth.
The shares recovered by midday and closed at $379.48.
As of Tuesday's close, Netflix is up nearly 100 percent in 2018 and more than 130 percent in a 12-month period.