Netlix, Inc. (NASDAQ: NFLX) shares are trading higher by $7.60 at $140.86 in Thursday's session.
The catalyst for the rally is a Q4 beat of a penny along with a slight revenue beat. What's getting the Street's attention is the $0.19 bump in Q1 EPS guidance. The company added 7 million subscribers in the quarter.
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After higher open, it continued in that direction until finally peaking at $143.60 and reversing course. The quick windfall has attracted some profit-takers and nudged the issue to $138.86, but has now rebounded back into the $140.00 handle.
The issue is poised to close well above its former all-time closing high, which was made on January 13 at $133.70.