Shares of the subscription video company were up nearly 7% today and have tacked on another 20% in the 12 minutes since the market closed. An earnings beat was the catalyst.
Netflix outpaced Q1 analyst expectations on both earnings and revenue. The earnings per share of 31 cents were nearly double the 18 cents a share analysts were projecting. The company also added 2 million U.S. subscribers last quarter.
The after-hours jump has pushed NFLX shares well above $200 for the first time since September 2011. Entering the week, the stock was already up 77% this year.
But, of course, Apple is the week’s main attraction – especially in light of its recent struggles. Investors will be hoping the company can turn things around when it reports after the bell on Tuesday.
Here’s who else is scheduled to report in a tech-heavy earnings week:
- Amazon (AMZN)
- Bristol-Myers Squibb (BMY)
- Starbucks (SBUX)
- Conoco (COP)
- Exxon (XOM)
- Hershey (HSY)
- JetBlue Airways (JBLU)
- Chevron (CVX)
- Goodyear Tire (NASDAQ:NASDAQ:GT)
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