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Thursday, January 27, 2011
Netflix EPS Up 55% On Customer Gains
Movie subscription service Netflix impressed investors late Wednesday by reporting better-than-expected profit growth and by guiding Wall Street estimates higher for the current quarter. Netflix (NFLX) earned 87 cents a share, up 55% from a year ago. Revenue rose 34% to $596 million for the quarter ended Dec. 31. Analysts polled by Thomson Reuters expected Netflix to earn 71 cents on sales of $597.5 million. So, it was a big beat on EPS, but a
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