A great year for Netflix keeps on getting better. The stock jumped 11% Friday morning after the streaming giant’s Q3 earnings beat Wall Street’s expectations across the board, and many analysts and portfolio managers still see plenty of room to grow. Shares are now up over 60% this year after soaring to a new all-time high on Friday, rising above the $760 mark, as Netflix remains the industry’s largest and fastest growing service.
Quarterly earnings per share came in at $5.40, up from $3.73 in the same quarter last year and beating the Street’s estimates by almost 30 cents, while revenue grew 15% to $9.83 billion. The company also released confident guidance for next year, projecting revenue growth of 11%–13%, to $43 billion–$44 billion.
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