Netflix earnings disappointing. Stock price is down 17% in after hour trading

Netflix earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term have been released and the details market

• The earnings-per-share came in at $3.53 versus $2.89
• Revenues came in at $7.87 billion versus $7.93 billion estimate
• Net subscribers additions (or subtractions) came in at -0.2 million versus expected +2.5 million
• In Q2 forecast a loss of 2 million subscribers
• Expects Q2 earnings-per-share $3 versus $3.02 expected
• Expects Q2 revenues of eight dollars and $8.05 billion versus expected $8.23 billion

Shares are down 17% in after-hours trading to $292.

The cancellation of Russian subscribers subtracted 700,000. The company also blamed password sharing and increasing competition for the "revenue growth headwinds".

With nearly 220 million paying households the company estimates that there are additional 100 million homes including 30 million in the US and Canada that share passwords.

Netflix will be experimenting with a account sharing surcharge in Chile Costa Rica, and Peru before potentially launching it in other countries.