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.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.