Why Netflix Stock Is Soaring Today
Shares of Netflix (NASDAQ: NFLX) continued to soar on Friday. The move was sparked by Tuesday evening's robust third-quarter earnings report. Three days later, investors are still finding more reasons to be impressed by Netflix's results.
The stock traded 5.2% higher at 1 p.m. ET, slightly below the trading session's peak gain of 6.1% half an hour earlier.
This short composition is not the place for a detailed examination of Netflix's results and updated business plans. The report was much too beefy and complex for that. So instead, I'd like to point you to deeper analyses of the reported financial results, the company's focus shift from subscriber counts to revenue, and three strong reasons why Netflix stock is a buy after the third-quarter report.
Source Fool.com
