Why Netflix Stock Dropped on Friday

Steady -- not accelerating -- growth rates make valuation more of an issue for Netflix stock.Netflix (NFLX -4.63%) stock dropped 4.5% in early trading as of 9:40 a.m. ET, despite beating on earnings last night.Heading into the report, analysts forecast Netflix would earn $7.06 per share on just over $11 billion in revenue. In fact, Netflix earned $7.19 per share on just under $11.1 billion, thus beating on both top and bottom lines. Netflix Q2 earningsSales increased 16% year over year in Q2, and Netflix d ...