India, July 17 -- Shares of Netflix plummeted sharply on Friday as the company announced Q2 earnings that were broadly in line with market expectations however, investors were more concerned about the company's lower-than-projected outlook for the Q3 quarter and cut back on its reporting of viewer engagement metrics. The stock declined as much as 12.2% in intraday trade but then pared its losses to just below 7.9%.

Netflix Stock Today Snapshot

Why is Netflix Stock Down Today?

After analyzing the results, Netflix's stocks fell because the market considered more than the good quarterly results of the firm. Even though both the company's revenues and profits were in line with market predictions, the markets reacted badly to the lowered Q3...