Netflix Inc. on Wednesday reported a fourth-quarter profit of $48 million, or 79 cents a share, on revenue of $1.18 billion. During the same period a year ago, Netflix earned $8 million, or 13 cents a share, on $945 million in sales. Analysts surveyed by FactSet had forecast Netflix to earn 65 cents a share on $1.17 billion in revenue. The company said it added 2.3 million new U.S. video streaming subscribers during the quarter, to give it 33.4 million such members. In after-hours trading, Netflix shares climbed as much as 15%.
Source: Marketwatch
Source: Marketwatch
