Netflix Shares Jump
Netflix closed the fourth quarter in excellent fashion. They posted revenues and subscriber numbers significantly higher than estimates by analysts. Investors responded in after hours trading by driving the stock price up by 25 percent.
In its fourth-quarter 2012 Netflix earnings report, the company noticed a large revnue increase. One year ago,revenue was $876 milllion. This year, it was $945 million for the quarter. It also reported Netflix earnings of 13 cents share. That was well above analyst expectations for a loss of $0.12 a share.
As in previous quarters, much of Wall Street’s focus is on … Read more at Netflix Free TrialsRead the rest of this entry »