Netflix Shares Soar After It Beats Q3 Earnings And Subscriber Expectations

Read on: Deadline

Netflix appears to have killed it in Q3 with numbers that sent its stock price up more than 19% in post market trading. The streaming company generated net income of $51.5 million, up 75% vs the period last year, on revenues of $2.29 billion, up 31.7%. The top line was slightly ahead of the $2.28 billion that analysts expected. But profits at 12 cents a share were well ahead of forecasts for 6 cents. Just as important: streaming subscriptions beat forecasts. Netflix ended…