Share “News Summary: Netflix's 4Q report wows...”

News Summary: Netflix's 4Q report wows investors

Published on NewsOK Modified: January 23, 2013 at 7:59 pm •  Published: January 23, 2013

STELLAR PERFORMANCE: Netflix gained 2 million U.S. subscribers to its Internet video service during the final three months of last year, propelling the company to a surprising fourth-quarter profit of $8 million. Analysts had projected Netflix would sustain a loss as it grappled with rising expenses and stiffer competition.

INVESTOR EXUBERANCE: After the numbers came out late Wednesday, Netflix's volatile stock soared more than 35 percent in extended trading. The stock appears bound for a new 52-week high in Thursday's regular trading session.

COMING ATTRACTIONS: Netflix believes its video-streaming service can add as many as 2.1 million customers in the current quarter ending in March.


  1. 1
    One third of vegetarians eat meat when they get drunk
  2. 2
    Westboro Baptist Church protests weather science, homosexuality at Norman's National Weather...
  3. 3
    Deadly Shooting Reported on University Campus in Arizona
  4. 4
    FBI director calls lack of data on police shootings ‘ridiculous,’ ‘embarrassing’
  5. 5
    Childcare now costs more than rent. No wonder more women are opting out of the workforce
+ show more


× Trending business Article