Netflix surprises with fourth-quarter results

01/23/2013 | Wall Street Journal, The

Netflix signed more subscribers than expected in the fourth quarter and surprised analysts Wednesday when it announced earnings of 13 cents per share -- analysts had predicted a 13-cent-a-share loss. "Our holiday season was particularly strong, driven by consumers buying new electronic devices, including tablets and smart TVs," said CEO Reed Hastings.

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Wall Street Journal, The

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