Netflix shares soar on strong earnings, subscriber growth for third quarter

October 17, 2016

Shares of Netflix Inc. soared in after-hours trading Monday as the video streaming service reported stronger-than-expected earnings and subscriber growth for the third quarter. The stock was up $19.75, or nearly 20 percent, to $119.67 a share after the market closed. Netflix saw robust subscriber growth for the quarter, adding 370,000 net memberships in the U.S.…

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