FeaturesNetflix (NFLX) Announces Stock Split, Fuels 4% Rally
Netflix shares rose 4% after announcing a 10-for-1 stock split effective November 14, making its $1,200 stock more accessible. Despite Q3 revenue of $11.51B meeting expectations, EPS of $5.87 missed estimates due to a one-time tax charge, though 17.2% revenue growth showed strong fundamentals. This marks Netflix's third split since its 2002 IPO, following previous splits in 2004 and 2015.