The streaming pioneer is adding millions of new subscribers while profit margins expand.
'The Claman Countdown' panelists Jason Bazinet and Alicia Reese break down earnings numbers.
'Mad Money' host Jim Cramer looks closer at Netflix's Q3 results.
'Mad Money' host Jim Cramer looks closer at Netflix's Q3 results.
To get the latest market news check out finance.yahoo.com US stocks notched records and extended impressive streaks Friday as Netflix (NFLX) delivered powerful earnings and set the stage for Big Tech's corporate results in the coming days. The S&P 500 (^GSPC) added about 0.4% and recorded a fresh all-time high, as well as its sixth straight week of gains, the longest streak in 2024.
Major U.S. equities indexes moved higher on the final day of a trading week that included a series of earnings reports from key companies.
Here are some of the major companies whose stocks moved on the week's news.
The stock market rose while the Dow Jones and S&P 500 hit new highs. Tesla earnings and a quarterly report from GE now loom.
Netflix ( NFLX ) stock is making new record highs today on the back of a strong quarterly earnings report. Earnings per share of $5.40 beat estimates of $5.12 and revenue of $9.83 billion beat estimates of $9.77 billion.
Bloomberg's Ed Ludlow and Caroline Hyde discuss Netflix as the company reported subscribers that beat analyst estimates. Plus, new data out from Counterpoint Research shows a jump in iPhone demand in China, and Tesla faces a US probe over its Full Self-Driving feature after a series of crashes.
Streaming giant Netflix posted third quarter earnings, beating Wall St. forecasts and adding more than 5 million subscribers. Bloomberg's Felix Gilette joins Ed Ludlow and Caroline Hyde to discuss on "Bloomberg Technology.
A good year for Netflix is only getting better, as the streaming giant saw its ranks of paid subscribers surge 14.4% to 282.7 million members during the third quarter of 2024.