Netflix Earnings: Record Profits And Sales Send Stock To Nearly $1,000
1. Netflix reported record quarterly earnings and revenue, exceeding analyst expectations. 2. Expected Q2 sales of $11 billion and EPS of $7.03 surpass forecasts. 3. Stock rose 1.2% with a 3% increase in after-hours trading. 4. Netflix is seen as a recession-proof investment, outperforming peers in FAANG. 5. Analysts suggest Netflix's subscription model remains resilient during economic downturns.