Despite slightly disappointing quarterly earnings, Netflix stock jumped yesterday based on an increase in subscription. The rise in subscribers marks the single largest quarterly increase of subscribers to date at 4.3 million in three months; one third of the subscriptions done this year. While quarterly earnings were slightly lower than expected at $0.72 per share, but the momentum of new users opens up the year on an extremely positive note, which caused a 3.4% increase in stock prices yesterday.
The pre market, on the other hand, already shows more than 16.5% increase.
January 21, 2015 – Stock Market News
Despite slightly disappointing quarterly earnings, Netflix stock jumped yesterday based on an increase in subscription. The rise in subscribers marks the single largest quarterly increase of subscribers to date at 4.3 million in three months; one third of the subscriptions done this year. While quarterly earnings were slightly lower than expected at $0.72 per share, but the momentum of new users opens up the year on an extremely positive note, which caused a 3.4% increase in stock prices yesterday.
The pre market, on the other hand, already shows more than 16.5% increase.
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