Shares of Netflix Inc. soared in after-hours trading Monday as the video streaming service reported stronger-than-expected earnings and subscriber growth for the third quarter.
The stock was up $19.75, or nearly 20%, to $119.67 a share after the market closed.
Netflix posted robust subscriber growth for the quarter, adding 370,000 net memberships in the U.S. and 3.2 million internationally, for a total of about 3.6 million. The company said in July it expected to add 300,000 subscribers in the U.S. and 2 million subscribers internationally in the third quarter.
The Los Gatos, Calif., streaming service has 86.7 million subscribers...