US Stock Market Move | Netflix (NFLX.US) drops more than 5%, investors may have had too high expectations for the second quarter performance.

On Friday, Netflix (NFLX.US) fell over 5% to $1205.53. On the news front, the financial report showed that Netflix's Q2 revenue increased by 15.9% year-on-year to $11.08 billion, beating analysts' consensus of $11.06 billion. Diluted earnings per share were $7.19, beating analysts' consensus of $7.08, compared to $4.88 in the same period last year. Despite exceeding investor expectations in key financial metrics, the company's stock price weakened. Analysts believe that while Q2 performance exceeded expectations, it did not meet the high expectations set earlier. The negative performance in the financial report may be partly due to the fact that most of the revenue that exceeded expectations came from currency exchange rates, rather than from subscriber numbers or monetization, or it could be due to limited growth in viewing hours in the second quarter, although the company has indicated strong projects in the second half of the year.