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 gapped open dramatically higher Tuesday, but was range-bound throughout the session. The stock finished up by 42.62 at $216.99 on strong volume. Netflix surged past resistance and set a new high for the year.
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