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Netflix slashes its forecast for subscriber gains

LOS ANGELES — Netflix slashed its prediction for how many US video-streaming subscribers it would add this year after subpar third-quarter results, causing a sharp sell-off in its stock in after-hours trading.

The Los Gatos, Calif.-based company said it added 1.2 million net streaming subscribers in the United States in the three months through September, which was on the low end of its forecast.

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