Netflix Inc. (NFLX) reported first quarter EPS of $0.31 after the bell Monday, which topped the consensus estimate of $0.18. Revenues rose to $1.02 billion from $869.79 million a year ago. The consensus estimate was for revenues of $1.02 billion. The company expects to report second quarter EPS of $0.23 to $0.48. The consensus estimate is for EPS of $0.29.
Netflix has gapped open sharply higher Tuesday and is now up 43.14 at $217.51 on above average volume. The stock has surged past resistance and has set a new high for the year.
For comments and feedback: editorial@rttnews.com