Why Isn't Netflix Stock Crashing Today?
Streaming video veteran Netflix (NASDAQ: NFLX) reported third-quarter earnings Wednesday night. This stock usually soars if the company beats analyst estimates and management guidance on subscriber additions, and it's likely to crash hard if there's a shortfall on that particular metric. But Netflix came up short on third-quarter subscriber additions without sparking a panic. Instead, the stock surged as much as 10.9% higher in after-hours trading.
This is a new party trick. Here's how Netflix pulled it off.
Image source: Netflix.
Source Fool.com
