Netflix Earnings Shoot Past Estimates
Jan 26th 2011 5:45PM
Updated Jan 26th 2011 5:50PM
Netflix's (NFLX) video subscription service topped 20 million customers during the fourth quarter to help push its earnings beyond analyst expectations and burnish its reputation as a stock market star. Netflix earned 47 million, or 87 cents per share, during the final three months of last year. That was a 52% increase from $31 million, or 56 cents per share, last year. Analysts surveyed by FactSet expected earnings of 71 cents per share.