
Netflix (NASDAQ:NFLX) Posts Earnings Results, Beats Expectations By $0.87 EPS

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Netflix (NASDAQ:NFLX) reported quarterly earnings of $6.61 EPS, exceeding expectations by $0.87. The company achieved a return on equity of 38.32% and a net margin of 22.34%. Following the announcement, Netflix's stock rose by 1.4%, trading at $975.33. Institutional investors hold 80.93% of the stock, with several brokerages raising their target prices. Analysts have rated the stock as a "Moderate Buy" with an average target price of $1,020.63. Insider activity included significant share sales by directors.
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