Netflix’s stock price sent reeling after Q3 earnings

Netflix’s stock fell 10% on Wednesday, extending losses from late trading Monday, when the shares began to slip in after-hours following the release of its third-quarter earnings. The decline resulted from a one-time $619 million tax charge related to a Brazilian tax dispute, which impacted profits despite strong underlying growth. The media streaming giant reported $11.51 billion in revenue, up 17% year-over-year, roughly in line with expectations. Meanwhile, operating income came in at $3.25 million wi ...