(NASDAQ: NFLX) recently reported results for the third quarter, and they impressed Wall Street. While revenue of just over $8.5 billion was in line with analyst estimates, diluted earnings per share (EPS) of $3.73 handily beat forecasts.
But shareholders in this streaming-service stock care most about subscriber numbers. And Netflix crushed it in this regard, adding almost 8.8 million net new members during the last three-month period. It's no wonder the stock popped double digits following the news.
Does Netflix's strong momentum make the stock a buy? Let's take a closer look.
Source Fool.com