Netflix (NFLX) Surges 19% on Strong Q3, Outlook
Get Alerts NFLX Hot Sheet
Revenue Growth %: +14.8%
Financial Fact:
Interest expense: -35.54M
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Netflix (NASDAQ: NFLX) is surging 18.9% after-hours Monday following strong Q3 financial and subscriber results as well as solid Q4 guidance.
Netflix reported Q3 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.28 billion.
Q3 U.S. subscriber additions were 370K, versus the consensus of 310K. Q3 Intl. streaming additions were 3.2 million, versus consensus of 2 million.
For Q4, Netflix forecast 5.2 million global net adds, with 1.45 million net adds in the US (cons is 1M) and 3.75 million new members internationally (cons is 3.37 million)
The company sees Q4 revenue of $2.34 billion, versus the consensus of $2.4 billion. Sees Q4 EPS of $0.13, versus the consensus of $0.07.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- Midday top small-cap gainers
- American Express (AXP) down despite beating Q1 estimates on top and bottom lines
Create E-mail Alert Related Categories
Earnings, Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!