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Netflix is rallying ahead of earnings

Business Insider
Netflix is rallying ahead of earnings

Netflix reports its first-quarter results after Monday's closing bell. Shares are trading up 1.44% in early action. Wall Street analysts are bullish ahead of the results. . Shares of Netflix are gaining ground ahead of earnings, trading up 1.22% at $315.46 a share. The streaming-video giant is expected to have earned an adjusted $0.72 a share on revenue of $3.69 billion in the first quarter, according to analysts surveyed by Bloomberg. The company forecast in January that it would add 1.45 million US and 4.9 million international subscribers during the quarter. Netflix CFO David Wells said earlier this year that the company expects to spend a staggering $8 billion on roughly 700 new original