Netflix Q1 Earnings Beat, Revenues Rise Y/Y on Subscriber Gain

Netflix (NFLX) stock is riding high after posting impressive first-quarter results, closing at $973.03, up 2.33$1,064.50, bringing its year-to-date gain to a little over 9%. Following its earnings announcement, the streaming giant saw its shares jump more than 4% in after-hours trading.This was followed by a rise of 3% in premarket trading on Monday as the streaming giant's upbeat annual revenue outlook reassured investors that it could withstand any econ ...