Netflix shares plummeted more than nine percent Thursday as the TV streaming titan's quarterly earnings failed to impress investors and co-founder Reed Hastings announced he is leaving.

Netflix shares plummeted more than 8 percent on Thursday as the TV streaming titan reported quarterly revenue of $12.25 billion, which slightly topped expectations. An earnings letter to investors came with word that co-founder Reed Hastings will step away from the company when his term as chairman of the board…

Netflix beat expectations for Q1 revenue and reported a big jump in earnings per share thanks in part to a termination fee related to its proposed WBD deal.

Netflix beat expectations for Q1 revenue and reported a big jump in earnings per share thanks in part to a termination fee related to its proposed WBD deal.

Netflix posted a strong first quarter on paper $12.25 billion in revenue and net income that nearly doubled year over year, yet its stock still slid 9% in extended trading Thursday. The...