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Netflix issues weak fourth-quarter forecast, shares drop

LOS ANGELES, Oct 20: Netflix issued a weaker-than-expected forecast for fourth-quarter profit on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives. Shares of Netflix fell more than 5 per cent to $68. 69 in after-hours trading.

Read full story on Channel Newsasia

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