Why Netflix Stock Rocketed Higher Wednesday Morning

Shares of Netflix (NASDAQ: NFLX) charged sharply higher on Wednesday, surging as much as 14.9%. As of 10:58 a.m. ET, the stock was still up 11.1%.The catalyst that propelled the streaming pioneer higher was the company's financial results, which were much better than investors had anticipated.For the fourth quarter, Netflix reported revenue that grew 16% to $10.2 billion. The company also expanded its operating margin, which increased by 530 basis points to 22.2%. This resulted in diluted earnings per share (EPS) that soared 102% to of $4.27. It also marked the first time Netflix generated $10 billion in operating income in a single quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool