Why Netflix Stock Jumped at the Open

Netflix (NASDAQ: NFLX) generated solid quarterly results, confirming the company's place at the top of the highly competitive streaming industry.Investors largely cheered the results, sending Netflix shares up as much as 5.6% in Friday morning trading, though the stock gave up those gains in the hours that followed.Netflix earned $4.88 per share on revenue of $9.56 billion in the second quarter, topping Wall Street's consensus estimate for $4.74 in earnings on sales of $9.53 billion. The standout number was the 8.05 million boost to the number of subscribers, which is nearly double the growth that analysts had expected.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool