US stocks hit new highs at the close and after the bell, Netflix Inc (NASDAQ:NFLX), the video streamer, was in the spotlight as expected.
After hours, shares added 1.39% to US$205.49 as the tech group, which has seen a meteroric rise in recent years, posted slightly better-than-expected third quarter results.
As always, subscriber numbers are closely watched and globally, the service added 5.3 mln subscribers, compared to Wall Street’s estimate of 4.5 million.
Revenues in the three months added 30% to US$2.99bn, while net income rose to US$130mln, against US$52mln this time last year.
Netflix numbers are nuts
>56K new subscribers a day
>$8bn on content in 2018
>25% (and growing) original content
Future of TV ever clearer
— Amol Rajan (@amolrajanBBC) 17 October 2017
Elsewhere, Sonic Corp (NASDAQ:SONC) shares shed 4.64% after the bell, having closed 1.72% higher, after the company posted its fourth quarter earnings.
The drive-in fast-food chain blamed Hurricane Harvey, partly, for a decline in same-store sales.
Meanwhile, Celanese Corporation (NYSE:CE) fell 0.01% to US$107.09 after hours after the Fortune 500 tech group posted its third quarter numbers.
Badger Meter Inc (NYSE:BMI) shares slumped 13.29% to US$44 each on light volume in extended trading after the company posted its third quarter results.