Why Netflix Management Expects More Strong Momentum
Shares of Netflix (NASDAQ: NFLX) popped on Thursday, rising about 2.5% by the time the market closed. The stock's gain followed the streaming-TV giant's third-quarter update, which featured better-than-expected earnings per share, strong growth in international subscribers, and optimistic commentary from management on the company's competitive environment. Following a second-quarter update with subscriber growth that came in far below expectations, strong Q3 results were a relief for investors.
There was a lot to like about the quarter. Beyond the company's strong financial results for the period (including 31% year-over-year revenue growth and a widening operating margin), management captured several other reasons for shareholders to be optimistic in the company's third-quarter conference call.
Here are a few key takeaways from the call.
Source Fool.com
