Wednesday, January 25, 2012

Netflix Beats Expectations

Netflix in its quarterly earnings today announced that it has added 610,000 DVD subscribers and 220,000 Online streaming only subscribers. Analysts had estimated $857.4M revenue and EPS of $0.54. Compared to the estimates the actual figures for the 4th quarter of 2011 Netflix reported $876M in revenues and EPS of $0.73.

Netflix (NFLX) shares jumped by 15% to $109.71 in after hours trading.


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