Wall Street Gushes Over Netflix Earnings, Propelling Its Stock To Biggest One-Day Gain Since January 2021 – Update
The stock closed at $401.77, up 16%, on nearly five times normal trading volume. It also reported a surge in free cash flow and signs of growth in its nascent advertising business. They crushed it, he wrote. NetflixPhoto Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images The management deserves an Emmy for managing investor expectations. We expect it is likely a bit of both given the magnitude of the beat....