Netflix Soars Above Market Expectations for Q1 2018

Netflix Soars Above Market Expectations for Q1 2018 CNBC reported the streaming service added far more users than it anticipated in its first quarter with nearly 2 million new subscribers. Shares rose more than five percent in after hours trading. The company’s quarterly earnings were in line with expectations, but revenue was slightly above estimates. Netflix’s total steaming net adds saw 7.41 million compared to the estimated 6.5 million, per a StreetAccount consensus estimate. The same consensus estimate found domestic streaming net adds to be 1.96 million compared to the projected 1.48 million.

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