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April 26, 2011 03:37 am GMT
Netflix just announced its first quarter 2011 earnings and they're cause for optimism, with earnings at $1.11 a share on revenue of about $719 million, out-performing analysts expectations of $1.08 per share on $704 million in revenue. The company doubled its profits, at $60.2 million versus $32.3 million at the same time last year.The company is hedging its future on its streaming subscription services, and called its DVD business a "fading differentiator" in its investor letter.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MJ_Z6mDRAHU/
Netflix Won't Announce Its 3 Billionth DVD Shipment: "Focus Is Really On Streaming"
Netflix just announced its first quarter 2011 earnings and they're cause for optimism, with earnings at $1.11 a share on revenue of about $719 million, out-performing analysts expectations of $1.08 per share on $704 million in revenue. The company doubled its profits, at $60.2 million versus $32.3 million at the same time last year.The company is hedging its future on its streaming subscription services, and called its DVD business a "fading differentiator" in its investor letter.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MJ_Z6mDRAHU/
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