Netflix Plunging On Coinstar Miss (CSTR, NFLX)

Shares of Netflix NFLX are falling in Thursday's after hours trading session after competitor Coinstar CSTR announced preliminary quarterly earnings and revenue numbers which were significantly below previous guidance. CSTR reported Q4 revenue of $391 million compared with previous guidance between $415 and $440 million. GAAP earnings per share are expected to be between $0.65 and $0.69 compared with previous EPS guidance of $0.79 to $0.85.