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Big Drama Brews Around Netflix Earnings, Fee Hike

Summary

For NFLX Q3, analysts reporting to Thomson Reuters are pegging a per-share profit of $0.08 on revenue of $1.75 billion, a 24% jump in revenue on a year-over-year basis.

Options activity has picked up in the last couple of days on the 115 calls and the 105 puts that are expiring on Friday.

JPM reported revenue off 6.4% compared with last year.

Wall Street analysts are guessing that when Netflix (NASDAQ:NFLX) reports earnings after the closing bell Wednesday, those numbers could be as rousing as much of the drama the Internet television service streams to its more than 65 million viewers.

Revenue is expected to surge relative to last year's comparable quarter and some analysts believe that trend could continue. Their opinion was shaped as the originator of award-winning Orange is the New Black and other programming barely stirred a fuss last week over upping its basic-service monthly cost another $1. New subscribers will be looking at a $9.99 monthly fee while current members will continue to pay $8.99 for another year before the rates climb. Two years ago, the monthly nut was $7.99.

Is that still a good deal? Its customers and traders of this stock will let us know. In a note to its clients after the hike was announced on Thursday, Stifel Financial Corp. mentioned that NFLX is making its way into the background noise of our lives by "increasingly becoming an always-on service." Its price hike, Stifel said, comes "from a position of strength" as the brand picks up millions of new subscribers both domestically and internationally.

Considering the...


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