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January 24, 2013 02:50 am GMT
Original Link: http://feeds.mashable.com/~r/Mashable/~3/yuGDjHrfY-g/
Netflix Stock Jumps 25% After Adding 2 Million Domestic Streaming Subscribers
Netflix's stock rose 25% in after-hours trading after the company beat revenue estimates for its fiscal fourth quarter and announced it added 2 million domestic streaming subscribers in the quarter.
The company posted revenues of $1 billion for the quarter and earnings per share of $0.13, compared to the street's average estimate of $935 million and $0.13, respectively. The company now claims 27 million domestic streaming subscribers. The quarter also saw an additional 1.8 million international streaming customers for a total of 10 million, though the international operation is not yet profitable.
In contrast, domestic streaming turned a profit of $109 million for the quarter. DVD sub…
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Original Link: http://feeds.mashable.com/~r/Mashable/~3/yuGDjHrfY-g/
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