- NETFLIX surged over 19% to new high for the year at $118.80 as the video streaming service reported stronger-than-expected earnings, and a total of 3.6 million new subscribers for the quarter. This brings NETFLIX total number of subscribers to over 86 million worldwide.
They reported earnings of 12 cents a share, which double analysts estimates of 6 cents a share as revenue for the quarter climbed to $2.16 billion from $1.58 billion during the same time last year. The company attributed the strong earnings to a popular schedule of original programming.
Now that the technical price level of $117.00 has been cleared, the next key price target will be $131.00; the all-time high posted in December 2015.
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Netflix (NFLX.NAS)
