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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Netflix sees best day since 2013

Berkeley Lovelace Jr.

Shares of Netflix (NFLX) soared more than 19 percent Tuesday after the company posted quarterly earnings that earnings that easily beat analysts estimates.

The stock saw its best daily performance since April 23, 2013 when it gained 24.44 percent.

The entertainment company reported third-quarter earnings on Monday after the bell and said it gained more memberships than it foretasted.

The company said in the fourth quarter it expects to add 5.2 million net memberships —1.45 million in the U.S. and 3.75 million internationally. That's above FactSet estimates of 1.27 million in U.S. and 3.32 million internationally.

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Netflix's stock has fallen this year, as the company's outlook for adding new users has struggled to keep up with the Street's expectations. It's stock is down more than 12 percent year to date.


— CNBC's Anita Balakrishnan contributed to this report.



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