Netflix stock jumps on Q3 earnings amid subscriber surge and password crackdown
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Netflix (NFLX) shares soared in after-hours trading after the streaming giant reported a surge in subscribers. Third quarter earnings of $3.73 per share was better than the $3.49 Wall Street was expecting, while revenue of $8.54 billion was about in-line with estimates. What investors are cheering though are the rise in subscribers. The company added 8.76 million subscribers in the quarter, far more than the 6.2 million that had been expected. Netflix also announced it will be raising the prices of some plans in some regions. Third Bridge Group Sector Analyst Jamie Lumley tells Yahoo Finance Live anchors Julie Hyman and Josh Lipton “Netflix has definitely raised the bar again […]