Netflix Inc. (NFLX). The video rental company lost more customers than it anticipated in the third quarter and warned of still more defections to come. It reported a better-than-expected 49 percent surge in third-quarter revenue to $822 million, surpassing Wall Street's target of about $812 million. It also beat expectations on earnings per share. Netflix also forecast a loss for the first quarter of 2012 as it expands into Europe.
Netflix is currently down 41 points to 77 premarket. OUCH!!!
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