Why Netflix Shares Popped 15.5% This Week
After a year of questions about the future of cable and streaming, it seems that (NASDAQ: NFLX) announced to the world this week that it's the clear leader in streaming. Third-quarter results easily passed expectations, and according to data provided by S&P Global Market Intelligence, shares popped as much as 15.5% in trading this week. At noon ET on Friday, shares are up 13.4% for the week and leading the tech industry by a wide margin.
Results were impressive by almost any measure. Revenue was $8.54 billion, up 7.8% from a year ago, and net income was $1.7 billion, or $3.73 per share. But what really shocked investors was the addition of 8.76 million subscribers in the quarter. Netflix is back on a growth trend, and that's been helped by ad-supported tiers that could open up a huge new revenue opportunity.
The stock reacted because of how much Netflix beat expectations. Wall Street expected revenue of $8.54 billion, earnings of $3.49 per share, and subscriber additions of just 5.49 million. So results beat expectations across the board.
Source Fool.com
Netflix Inc. Aktie
Die Aktie ist durchaus ein Favorit unsere Community mit 124 Buy-Einschätzungen und 3 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Netflix Inc. von 100 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 63.09 €.
