Netflix shares fall 5% after fourth-quarter revenue outlook misses estimates

Netflix shares fell 5% in after-hours trading on Tuesday after it issued a soft fourth-quarter revenue outlook.
• The company projects fourth-quarter revenue of $13.4 billion, short of Wall Street’s $13.5 billion estimate.
This sets up a fourth consecutive period of decelerating sales growth for the streaming firm.
Third-quarter revenue of $12.9 billion matched forecasts, while earnings of $0.87 a share beat estimates.

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