Netflix reported their latest quarterly earnings on Monday after the close and they were stellar. They added 5 million new subscribers to bring the total number of subscribers to 104 million. More than 4 million of those subscribers were from overseas markets and for the first time Netflix’s international subscriber base is larger than the domestic base in the USA.
Netflix stock jumped 8% after hours. Competition is also continuing to grow with Amazon, Facebook and Apple pumping money into original content in a challenge to Netflix.
Revenue came in at $2.79 billion a jump of 32% from the same period last year and $30 million more than their own estimate of $2.76 billion. Earnings came in at 15 cents a share which was a 66% jump in earnings. It was however shy of the 16 cents average estimate.
I have two trades setup in Netflix stock using the Trade Ahead Of Earnings Strategy.
Here is how I will be handling and adjusting those trades on Tue Jul 18 2017.
This Netflix Stock (NFLX) trade and strategy article is for FullyInformed Members.
Update Of NetFlix Stock (NFLX) Trade Ahead Of Earnings Strategy from July 14 2017
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