Where Will Netflix Go After Earnings?
T = Trends for a Stock’s Movement
Netflix is an Internet subscription service that streams television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the Internet to their televisions, computers, and mobile devices. In the United States, subscribers can also receive DVDs delivered to their homes. Netflix has revolutionized the television and movie industry with its services.
Netflix reported earnings after the closing bell on Monday that were even better than expected. Earnings came in at 52 cents a share and revenue grew 22 percent to $1.1 billion. Netflix has reached its goal of beating the number of subscribers of Time Warner’s (NYSE:TWX) HBO, reaching 31.09 million customers versus HBO’s 28.7 million. Netflix said it expects to add 6 million customers this year and in 2014. Netflix also said that its newest original show Orange is the New Black has been a critical and popular success, and the service has launched in Holland.