Internet television network Netflix (NFLX) late Monday said it added 5.2 million new subscribers in the second quarter, missing its forecast for 6.2 million made in mid-April. Netflix subscribers at the end of the June quarter stood at 130.1 million worldwide.

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Netflix stock plunged 14% in after-hours trading to around 344.98 on the stock market today, a drop of more than 56 a share. During the regular session, Netflix stock rose 1.2% to 400.48.

"We had a strong but not stellar Q2," Netflix management said in a letter to shareholders. Growth in Netflix subscribers was roughly the same as in the year-earlier quarter.

Netflix earned 85 cents a share on sales of $3.91 billion in the June quarter. Analysts expected the company to earn 79 cents a share on sales of $3.94 billion for the period. In the year-earlier quarter, it earned 15 cents a share on sales of $2.79 billion.

Forecast On Netflix Subscribers Below Views

"Earnings, margins, and revenue were all in-line with forecast and way up from prior year," the company said. "Internet video is growing globally and we are fortunate to be one of the leaders."

For the current quarter, Netflix subscribers now are expected to grow by 5 million, including 650,000 in the U.S. and 4.35 million in international markets.

It is forecasting earnings per share of 68 cents on sales of $3.99 billion in the September quarter, both below views. Wall Street was modeling for Netflix to earn 73 cents a share on sales of $4.13 billion in the third quarter. In the year-earlier quarter, Netflix earned 29 cents a share on sales of $2.98 billion.

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