Netflix (NFLX) has been one of the best performing stocks in 2013 with a year-to-date gain of 283.4% through yesterday's close. Heading into its earnings report last night, the stock saw massive buying, posting a one-day gain of $21.49 (6.44%) on nearly 3x its average daily volume.
Even though the stock ended the day at another all-time high and a whopping 18% above its 50-day moving average, those that bought NFLX into earnings have been rewarded so far, as it was up another $33 (9.55%) after hours! The stock is up because it reported an earnings triple play, beating both earnings and revenue estimates and raising guidance.
Remarkably, Netflix's after-hours gain of nearly 10% on earnings is a relatively small move for the stock. As we mentioned in a post prior to the start of earnings season, Netflix is the most volatile stock on earnings in the US. Over the last ten years, the stock has averaged a move of +/-15% on the day after its earnings report.
Below is a peak at Netflix's past earnings reports from our Interactive Earnings Report Database. (Click on the image for a larger view.) You can see the huge moves that the stock has historically experienced on its report days in the past. If you think last night's move is big, how about the 43.6% gain it had on earnings back in January of this year!