SAN FRANCISCO (MarketWatch) -- Netflix Inc. (NFLX) shares surged more than 9% to $387.24 a share in early trading Tuesday following the video-streaming company's strong third-quarter results. Late Monday, Netflix reported quarterly earnings of $32 million, or 52 cents a share, compared to net income of $8 million, or 13 cents a share, during the same period a year ago. Sales rose to $1.1 billion from $905 million. Analysts surveyed by FactSet had forecast Netflix to 48 cents a share on $1.1 billion in revenue. Investors keyed in on the company ending the quarter with 31.1 million U.S. video-streaming subscribers, up from 29.8 million in the second quarter of the year.
-Rex Crum; 415-439-6400; AskNewswires@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
10-22-13 1018ETCopyright (c) 2013 Dow Jones & Company, Inc.
|UPDATE: Netflix rallies on earnings; Nokia slides (2014/1/23)|
|UPDATE: Stocks surge on hopes for fiscal agreement (2013/10/16)|
|UPDATE: AIG drops 7% on disappointing earnings report ()|
|UPDATE: European stocks rise on BP, Nokia earnings (2013/10/29)|
|Bank of America's 3rd-Quarter Net Surges on Improved Credit -- Update ()|
|Japan's Top 3 Banks Raise Forecasts After Earnings Surge ()|
|UPDATE: European stock up; Peugeot, ASML surge (2014/1/22)|
|UPDATE: Twitter, Disney report earnings after bell (2014/2/5)|
|Ebix to Announce Second Quarter Earnings on August 9, 2013 (2013/8/2)|
|Eagle Rock Announces Fourth Quarter 2013 Cash Distribution, Operational Update and Earnings Release Date (2014/1/27)|
|Start Premium Trial||Register For Free|
|P||F||Fund Financial Data (13,000+ funds)|
|P||F||Stock Financial Data (7,000+ stocks)|
|P||F||Stock and Fund Screeners (basic)|
|P||F||Investing Articles and Market Commentary|
|P||F||Articles Archive (>30 days)|
|P||F||Discuss (dozens of stock, fund, bond, and general bulletin boards)|
|P||F||Portfolio Manager (basic)|
|P||F||Morningstar Investment Classroom|
|P||F||Access Your Portfolio Anytime, Anywhere via Your Mobile Device|
|P||Morningstar Fund Analyst Reports (full research on 1,700 funds, ETFs, and CEFs)|
|P||Morningstar Stock Analyst Reports (full research on more than 1,100 stocks)|
|P||Portfolio Manager (advanced with 10 X-Ray analyses, including recommendations)|
|P||Portfolio Monitor (monthly and on-demand personalized portfolio statements)|
|P||Morningstar Proprietary Stock Information (stock star ratings, buy/sell prices, economic moat ratings, and more)|
|P||Morningstar 5-Star Stock and Fund Favorites & Red Flags eNewsletters|
|P||Premium Stock and Fund Screeners (advanced with nearly infinite ways to find the best securities for you)|
|P||Discounts on Morningstar newsletters, books, seminars, and more|
Access these features and more when you sign up for Free Membership.
Join Morningstar today. It's Free.
Access these features and more when you sign up for Premium Membership.
Start your free 14-day trial today online
Your subscription may be tax deductible. Please contact your tax advisor.