Is Netflix Stock Too Hot to Handle?
Netflix (NASDAQ: NFLX) did almost everything possible in delivering a blowout quarter on Tuesday afternoon. It closed out the quarter with 15.77 million more streaming subscribers worldwide than it had three months earlier, more than double the 7 million it forecast for the period back in January.
The report wasn't perfect. Revenue topped its earlier target, but Netflix fell short of the operating profit and net income that it was aiming for. However, with momentum clearly in Netflix's corner, it was a monster performance. Wall Street's initial reaction hasn't matched the bar-raising magnetism of the world's leading premium streaming platform. The shares barely inched higher in Tuesday's after-hours trading.
Image source: Netflix.
Source Fool.com
