Netflix Shares Jump on Good Revenue News

Orange is the new green

Expectations for Netflix's third quarter couldn't have been higher, but the company still managed to wow Wall Street—and shares jumped 10% late Thursday as a result.

Netflix cynics have been waiting for the company's stock bubble to pop: Netflix shares are up a shocking 440% in the past 12 months, and analysts expected third-quarter earnings nearly to quadruple over the year.

But Netflix delivered. The company reported third-quarter earnings of 52 cents a share, well above the 49 cents that analysts polled by Thomson Reuters were expecting.