Wednesday January 25, 2012

Netflix Results Beat The Street

It's about time there was some good news about Netflix. Reporting on that company over the last six months has been like writing a weekly eulogy. wink

Netflix shares soaring after the company reports fourth-quarter earnings and revenue that came in well ahead of analysts expectations. Netflix reported fourth-quarter profit of $40.7 million, or 73 cents a share, compared to $47.1 million, or 87 cents a share, a year ago. Revenue jumped 47% to $875.6 million.