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Netflix Stock Hits Record Highs After Earnings
NFLXNetflix(NFLX) Schaeffers Investment Research·2024-10-18 22:08

Netflix Inc (NASDAQ:NFLX) stock is 8.3% higher to trade at $744.38, and earlier hit a new record high of $756.89 after a blockbuster third-quarter earnings report. For the quarter, the streaming giant tallied earnings per share of $5.40 on revenue of $9.83 billion, saw total paid subscribers of 282.70 million, and issued fourth-quarter guidance that was ahead of expectations. Prior to today's pop, the shares were testing their 80-day moving average. Netflix stock is about to nab its 10th weekly win in 11, a ...