Reported about 1 month ago
Netflix's stock surged 11% to a new record above $760 after the company reported stronger-than-expected Q3 earnings, beating revenue and EPS estimates. With a 15% year-over-year increase in revenue, Netflix added over 5 million new subscribers due to popular programming and successful initiatives, including an ad-supported tier. The company anticipates continued growth, projecting Q4 revenue significantly above consensus expectations, as well as an improved operating margin.
Source: YAHOO