Netflix stock rockets 20 percent, company earns record revenue
By : Wibbitz Top Stories
Published On: 2016-10-18
3 Views
00:47
Shares of Netflix stock climbed as high as 20 percent following the company's better-than-expected third-quarter report. Netflix posted third-quarter earnings per share of 12 cents — compared to 7 cents a year ago — on $2.29 billion. Analysts polled by Reuters predicted third-quarter earnings of 6 cents per share on revenue of $2.28 billion. Quarterly sales ran over $2 billion for the first time with help from original series like "Stranger Things" and "Narcos." a company statement to shareholders read.
Watch More videos From Wibbitz Top Stories Channel
Trending Videos - 19 May, 2024
RELATED VIDEOS
