Netflix shares rose sharply after the company reported that it added 610,000 customers and that profit margins in the streaming business this quarter could widen to 11 percent. That said, there was plenty in the earnings report to worry investors and analysts — the company’s profit fell 14 percent from the same period last year and its DVD business lost nearly 3 million subscribers. Still, given the dire straits Netflix was in last summer, the moderately good news about its customers and quarterly forecast was enough for many investors to shake off doubts.
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Netflix Bounces Back With Not-So-Shabby Q4
Posted by: Erika Morphy January 26, 2012 02:52 PMNetflix shares rose sharply after the company reported that it added 610,000 customers and that profit margins in the streaming business this quarter could widen to 11 percent. That said, there was plenty in the earnings report to worry investors and analysts — the company’s profit fell 14 percent from the same period last year and its DVD business lost nearly 3 million subscribers. Still, given the dire straits Netflix was in last summer, the moderately good news about its customers and quarterly forecast was enough for many investors to shake off doubts.