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Tuesday, April 26, 2011
Netflix Beats Views As Q1 EPS Up 88%; Profit Outlook Lags
Online movie subscription service Netflix beat Wall Street's first-quarter targets, but its Q2 profit guidance fell below expectations. Investors gave the report a negative review, selling shares in late trading Monday. Netflix (NFLX) shares were down nearly 5% in after-hours trading after the company released its earnings report. During the regular session, Netflix fell a fraction to 251.67, after hitting an all-time high of
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