Netflix history good, future dim

April 21, 2008 Netflix stock, up 49% this year, was hammered after the closing bell Monday when the company said it merely matched financial expectations in the first quarter, then said it didn't expect to add many subscribers in the current period. [...] while the company added a net 764,000 subscribers in the first quarter, it said it expects to end the current quarter with 8.3 million-8.5 mill subscribers, translating -- at the low end -- to a gain of 60,000 this quarter. Netflix, however, raised year-end guidance to 9.1 million-9.7 million subscribers, up 200,000 at both ends, but investors weren't impressed, and the stock was off as much as 15% in after-hours trading after rising 2% to $39.32 during the regular session.

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