Netflix (NFLX) plunged 8%–9% intraday, becoming one of the technology heavyweights attracting the most market attention today and with the largest single-day trading range.

Earnings met expectations, but guidance was missing: while Netflix’s second-quarter revenue and profit results largely matched market expectations, the company’s third-quarter earnings guidance and a slowdown in user engagement growth failed to satisfy the extremely optimistic expectations of investors under a high-valuation backdrop.

Because the stock price had already priced in growth expectations earlier on, in the absence of any upside-surprise catalyst after the report, the post-earnings period saw heavy short-term profit-taking and traders exiting positions to realize gains.

#台积电Q2净利暴增77.4%