Netflix topped expectations and soared 14%. How to find the next during earnings season?
Why did Netflix surge over 14% after hours
After the bell on Tuesday, streaming giant $Netflix (NFLX.US)$ reported third-quarter earnings that broadly beat expectations. More importantly, its user growth has returned to growth, reversing a sustained decline in the first half of the year.
Revenue was $7.926 billion, up 5.9% year-over-year, beating analysts' expectations of $7.85 billion.
Diluted earnings per share (EPS) were $3.10, down 2.8% year over year but above analysts' expectations of $2.12.
There was a net increase of 2.41 million paid streaming subscribers worldwide, compared with analysts' expectations of 1 million.
As of the third quarter, the total number of streaming media paying subscribers was 223.09 million, an increase of 4.5% year-on-year, and higher than the expected 221.7 million.
Want to get earnings reports in real-time?
Earnings season is a time of volatility for the market, but it’s also considered a time for swing trading. This is the time when expectations are most prone to divergence among investors, which is a common cause of stock price changes.
First and foremost is real-time access to earnings reports.
Here's a four-step video guide prepared by moomoo Learn to help you catch your most anticipated earnings report.
Last but not least, while an earnings report beats all expectations, it would make a big move, and vice versa. So if an investor is going to bet on earnings reports, it's best to invest in companies that you are familiar with or tend to hold for longer periods of time. Then if short-term trends after the earnings report disappoint you, your long-term investment mindset is also unlikely to suffer.
Want to know more about powerful features on moomoo, you might like:
>>How to trade stocks and ETFs on moomoo?
>>How to read an earnings report?
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>>How to trade stocks and ETFs on moomoo?
>>How to read an earnings report?
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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not-a-cow : Short it now.
exuberant Fox_3915 : yup
sociable Sheep_7248 : Well that added 7% to the coming cliff drop