Netflix Soars on Q1 Earnings Results

Shares of

were soaring in Monday's after-hours session after the company released its fiscal first-quarter earnings results. At last check, the stock was trading up around 19 percent to $207.95. During the regular trading session, NFLX jumped around seven percent to $174.37. The company reported net income for the first-quarter of $2.7 million or $0.05 per share, compared to a net loss of $4.6 million or $0.08 per share, in the year ago period. On an adjusted basis, the company reported net income of $19 million or $0.31 per share. This compared to Wall Street analysts' consensus EPS estimates of $0.18. Revenue for the quarter was $1.02 billion from $869.79 million. This was in-line with analysts' consensus revenue expectations. For the first-quarter, Netflix added over three million streaming members to more than 36 million. Looking ahead, the company guided for second-quarter net income of $14 million to $29 million or $0.23 per share to $0.48 per share. This compares to current analysts' consensus EPS estimates of $0.29.