Netflix shares surged on Friday. At the time of writing, it is up more than 9% for the day. The move is, of course, in response to the streaming giant’s latest earnings release, which saw it report Q3 EPS of $5.40, $0.28 better than the analyst estimate of $5.12. Meanwhile, revenue for the quarter came in at $9.82 billion, above the consensus estimate of $9.77 billion.
The semiconductor firm reported Q3 EPS of $1.94, $0.15 better than the analyst estimate of $1.79, while revenue for the quarter came in at $23.5 billion versus the consensus estimate of $23.3 billion. The company said its third-quarter sales decline arose primarily “from lower growth seen in Japan, essentially due to the stronger yen.” The company also noted that “Hennessy cognac was held back by weak local demand in the Chinese market.”
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