Netflix Sales Growth to Decline for Fourth Quarter in a Row

Netflix beat Wall Street expectations with $12.9 billion in third-quarter sales, but forecast $13.4 billion for the final quarter, missing analyst predictions and marking a fourth straight quarter of slowing growth. Growth is projected to fall from 17.6% in Q4 last year to 11.5% this year. The company blamed the shortfall on advertising, on pace to deliver $300 million less than expected.