Netflix shares explode higher after earnings smash expectations

Netflix’s (NFLX) highly anticipated third-quarter earnings report smoked expectations, causing the stock to shoot up 20% in after-hours trading. For the third quarter, streaming revenue grew 36%, surpassing $2 billion for the first time. Earnings per share came in at $0.12, well ahead of expectations for $0.05.

Source: Netflix shares explode higher after earnings smash expectations