Netflix Inc NFLX Shares traded up 11.69% to $269.02 during Wednesday’s premarket session, after the company reported better than expected Third quarter results and reported paid net adds for global streaming of 2.41 million. Paid streaming memberships worldwide grew 4.5% year over year.
What happened?
Netflix reported revenue of $7.93 billion in the third quarter, up 5.9% year over year. The grand total was ahead of an estimate of $7.84 billion, according to Street data Gasoline Pro.
The company posted earnings per share of $3.10 in the third quarter, beating a Street estimate of $2.13. In the third quarter, Netflix announced that it added 2.41 million net new subscribers…Continue reading
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Netflix has a 52-week high of $700.99 and a 52-week low of $162.71.
