What's Going On With Netflix Shares Friday?
Portfolio Pulse from Dylan Berman
Netflix shares are rising after the company reported better-than-expected Q3 2024 earnings, with EPS of $5.40 and sales of $9.82 billion. The company saw a 14.4% increase in global streaming memberships and provided strong regional revenue growth. Netflix's guidance for Q4 2024 and full-year 2024 is positive, and analysts have adjusted price targets accordingly.
October 18, 2024 | 2:36 pm
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Netflix shares are up 10.5% following a strong Q3 2024 earnings report, with EPS and sales exceeding expectations. The company also reported significant growth in global streaming memberships and provided positive guidance for future quarters.
The strong earnings report, with both EPS and sales beating expectations, is a positive indicator for Netflix's financial health. The increase in global streaming memberships and positive future guidance further boost investor confidence, leading to a significant rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100