Netflix Reports Impressive Earnings! Stock Price Soars Over 3%, Analysts Predict a Surge of More Than 50% to $1,494
TradingKey – Netflix (NFLX) has posted outstanding performance, with its stock price jumping 3.47%, and analysts believe it will continue to rise over 50%.
On Thursday, local time, Netflix announced its first-quarter earnings and outlook for the second quarter, both of which exceeded expectations, driving its stock price up 3.47% in after-hours trading to $1,006.
Netflix Stock Price Chart, Source: Google.
The earnings report revealed that Netflix’s Q1 revenue reached $10.54 billion, slightly above analysts’ expectations of $10 billion. Earnings per share came in at $6.61, significantly exceeding the forecast of $5.68. The company expects Q2 revenue of $11.04 billion, also surpassing analysts’ expectations of $10.88 billion.
In February,…
