Netflix soars after adding nearly 2 million US subscribers, beating estimates
"Netflix soars after adding nearly 2 million US subscribers, beating estimates"
in the news Netflix soars after adding nearly 2 million US subscribers, beating estimates? What this all about..... See below.
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Sentiment Trader shows a very interesting NETFLIX chart today. Netflix added far more users than expected in the first quarter.
The streaming tech company posted quarterly earnings that were in line with expectations and revenue that was slightly above estimates.
Netflix shares on the rise after revenues beat Nettflix shares on the rise after revenues beat
Netflix added far more users than expected in the first quarter and posted quarterly earnings in line with expectations and revenue slightly above estimates.
The user growth sets the company up for a sunny outlook in the second quarter: The company's earnings guidance also came in well above Wall Street's forecast. Shares rose more than 5 percent after hours.
You can see the the price has jump and the action over the last few months has been higher lows marked on the chart below. We think this chart construct is looking fine here, and see it going to....... [membership only]
This is quite interesting.
Netflix said on Monday the bundles allow the company to upsell existing subscribers. Executives said on a conference call that the "new wave" of operator partnerships was a consistent shift across all geographic markets.
"They remain primarily a direct-to-consumer business, but we see our bundling initiative as an attractive supplemental channel," the company said.
On Monday, Netflix also announced the addition of Susan Rice, a former national security advisor and U.S. ambassador to the United Nations, to the board of directors. So for now, the company and everything in between looks very strong we would say.
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