Netflix Inc. (NFLX) reported fourth quarter net income of $0.73 per share after the bell Wednesday, down from $0.87 per share last year. The consensus estimate was for EPS of $0.55. The company expects to report a first quarter loss of $0.49 to $0.16 per share, compared to the consensus estimate of a loss of $0.30.
Netflix has gapped open sharply higher Thursday morning and is now up 17.58 at $112.62. The stock has broken out of a 2 1/2 week range and has set a 3-month high.
For comments and feedback: editorial@rttnews.com