Netflix is surging adding a lot more subscribers than expected (NFLX)
Markets Insider
- Netflix reported first-quarter subscribers that beat expectations.
- The company earned $0.64 per share on revenues of $3.701 billion while adding 1.96 million new subscribers in the US and 5.46 million internationally.
- Follow Netflix's stock price in real-time here.
Shares of Netflix jumped more than 8% Monday, reversing their losses from earlier in the day, after the streaming giant beat added millions more subscribers than analysts had expected.
Netflix said it earned an adjusted $0.64 per share on revenue of $3.7 billion. Both matched Wall Street expectations.See the rest of the story at Business Insider
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