Netflix Stock Soars as Roaring Subscriber Growth Restores Faith

Netflix Stock Soars as Roaring Subscriber Growth Restores Faith
In this photo illustration the Netflix logo is reflected in the eye of a woman on Sept. 19, 2014 in PARIS, France. Pascal Le Segretain/Getty Images
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Netflix Inc. is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher.

After a stumble with its previous results, the world’s largest paid online TV network added far more subscribers than analysts expected in the third quarter. Netflix also issued an upbeat outlook for the current three months, saying it plans to add 28.9 million customers in total this year, a record for the 21-year-old company.