Netflix Stock Ebbs and Flows After Q1 2019 Earnings Report
Investors are fickle despite 22.2% year-over-year growth in the first quarter.
Investors remained fickle after hearing Netflix’s (NASDAQ: NFLX) first quarter earnings report yesterday, with Netflix stock ebbing and flowing since late last week. The report, however, had much to celebrate including revenue of $4.5 billion, a 22.2% increase year-over-year, and the highest quarterly paid net new additions in company history. During the first quarter, Netflix added net new members of 9.6 million, a 16 percent increase over the prior year.
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