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What: Shares of Motley Fool Stock Advisor selection Netflix
So what: Netflix earned $0.70 a share on $553.2 million in third-quarter revenue. Analysts had expected $0.72 on $550.9 million in revenue. The company also added 1.9 million new subscribers, more than triple last year's additions.
Now what: On a call with analysts, CEO Reed Hastings said his company is investing heavily to expand internationally and take advantage of a digital streaming opportunity that will arise "five or 10 years from now." Basically, he's trying to win a race against Apple
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Apple, Amazon, and Netflix are Motley Fool Stock Advisor selections. Both our Motley Fool Inside Value and Motley Fool Rule Breakers services have recommended subscribers buy shares of Google. Try any of our Foolish newsletter services free for 30 days.
Fool contributor Tim Beyers is a member of the Rule Breakers stock-picking team. He had stock and options positions in Apple and a stock position in Google at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. The Motley Fool is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.