Netflix Shares Surge 10% After Q3 Earnings Beat Expectations, Subscriber Growth Continues
Today, shares of Netflix (NFLX, Financial) soared 10% after the company posted third-quarter results on Thursday that topped analyst expectations. Netflix reported revenue of $9.83 billion, a 15% increase from the year ago quarter, also beating the estimate by $57.6 million. Net income rose to $2.36bn or $5.40 per share from $1.68 billion or $3.73…