Live coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Shares of Netflix jumped in after-hours trading Wednesday after the company reported profits and subscriber growth stronger than investors expected, along with a price increase. Netflix stock was recently up about 10% in the late session. The stock had fallen nearly 3% in regular trading. The company reported quarterly revenue of $8.54 billion, matching the Street's estimate. Management earlier this year told investors to expect revenue of $8.5 billion. It reported earnings per share of $3.
76 million net subscriber additions, ahead of the FactSet consensus of 6.1 million. Netflix in a letter to shareholders told investors to expect fourth-quarter revenue of $8.69 billion and earnings of $2.15 per share. Wall Street was looking for $8.72 billion and $2.17 per share, respectively. Netflix last year announced an ad-supported subscription option aimed at attracting consumers looking a lower-priced alternative to its other tiers.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Stock Market News Today: Dow Opens Lower; J&J, Lockheed Martin Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Les mer »
Stock Market Today: Dow ekes out gain, but rising Treasury yields stifle upsideStock Market Today: Dow ekes out gain, but rising Treasury yields stifle upside
Les mer »
Stock Market News Today: Dow Opens Lower; Morgan Stanley, P&G Earnings in Spotlight -- Live UpdatesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Les mer »
Stock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields biteStock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields bite
Les mer »
Lululemon stock is joining the S&P 500Lululemon was selected to be added into the S&P 500, the broadest measure of the U.S. stock market, in a move that historically has been a bonus for shareholders.
Les mer »
Albemarle's stock drops to lowest in two years after rating downgradeAlbemarle’s stock is the worst performer on the S&P 500 on Wednesday
Les mer »