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Netflix Shares Maintain Upward Rally

Shares of online streaming platform Netflix, Inc. (NFLX) are up 3 percent on Wednesday's trading. The stock has been on an upward spiral since the past few days.

On Tuesday, the company reported earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $1.44 billion, or $3.20 per share. This compares with $1.35 billion, or $2.97 per share, in last year's second quarter. Analysts on average had expected the company to earn $2.96 per share, according to figures compiled by Thomson Reuters.

The company's revenue for the quarter rose 8.6% to $7.97 billion from $7.34 billion last year.

Currently at $210.97, the stock has traded between $162.71 and $700.99 during the past 52 weeks.

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