Why Netflix Stock Rocketed Higher Wednesday Morning
Shares of (NASDAQ: NFLX) charged sharply higher on Wednesday, surging as much as 14.9%. As of 10:58 a.m. ET, the stock was still up 11.1%.
The catalyst that propelled the streaming pioneer higher was the company's financial results, which were much better than investors had anticipated.
For the fourth quarter, Netflix reported revenue that grew 16% to $10.2 billion. The company also expanded its operating margin, which increased by 530 basis points to 22.2%. This resulted in diluted earnings per share (EPS) that soared 102% to of $4.27. It also marked the first time Netflix generated $10 billion in operating income in a single quarter.
Source Fool.com
Netflix Inc. Aktie
75,22 €
-1,05 %
Klare Kaufstimmung für Netflix Inc.: Viel mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 112 € für Netflix Inc. weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 75.22 € hin.
