Netflix Makes Wall Street Skeptics Cringe After Quadruple Q3 Earnings Release
Netflix, Inc. (NASDAQ: NFLX)
As U.S. stocks ended with little changed, ticker NFLX reported quadruple earnings as their Q3 net income performed up 315% to $31.8 million. The Company juked analysts’ average estimates by 3% at earnings per share of $0.52 instead of $0.49. Netflix’s revenue rocketed up 22% to a proper $1.1 billion.
The Company enables internet television network service that provides subscribers the ability to stream TV shows and movies directly on TVs, computers, and mobile devices in the U.S. and as well as internationally. The suave investor sweet spot would potential be that as more cable providers recieve cancellations for crappy service, transmit and receiver interruptions, there will be more opportunity for ticker NFLX to grow. Last Weekend, I asked my sister if she wanted to borrow a movie I just got from RedBox and she responded by saying, “ I am going to watch it on Netflix”. No disrespect to RedBox ticker (NASDAQ: OUTR). Netflix harmonizes in making skeptical investors such as I was, feel like a real donkey and that’s with a capital J.
This Company’s shares launched nearly 10% during after hours as the ticker modestly remains at a price per share unit of $354.99. For those that thought the same as me kick your self metaphorically and realize this Netflix (www.netflix.com) is way past the Netflix it was in November of 2012. For the bears waiting to claw the heck out of this stock, I suggest you all go hybernate for a while. When it comes to this stock it is bear hunting season. So if I have netflix on my google alert now then assumptionally it would be wise for you to do the same.
Netflix, Inc. (“NFLX”, “Netflix” or the “Company”) is the world’s leading Internet television network with over 40 million members in 41 countries enjoying more than one billion hours of TV shows and movies per month, including original series. For one low monthly price, Netflix members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments.
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