Netflix Adding to Strong Gains

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Netflix (NFLX-NASDAQ) is trading up 5% at $23.96 in reaction to its earnings.  It ended with 6.3+ million subscribers; it posted EPS of $0.21 net and $0.24 adjusted, above the $0.17 estimate.  Its guidance of $304 to $310 million is around the $308.5 million estimate and expects 6.7 to 7 million subscribers.  The stock closed up 4.5% at $22.75 in normal trading, but the stock is up another 6% at $24.10 in after-hours.  The guidance looks marginally above estimates for the year, so we’ll only follow up on NFLS if there are any key reversals.

Its 52-week trading range is $18.12 to $33.12.

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