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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Netflix Beats Earnings Estimates 0 comments
    Jan 23, 2014 11:36 AM | about stocks: NFLX

    Originally published at www.seclive.com

    Filing in Focus: Netflix 8-K, January 22, 2014

    Netflix, Inc. (NASDAQ:NFLX) announced its fourth quarter and full year results for the 2013 fiscal year, beating analyst estimates. Netflix quarterly revenue of $1.2B was a marked improvement from the $945.2M reported last year, while its full-year revenue jumped from $3.6B to $4.4B. The company's quarterly earnings handily beat expectations with $48.4M and $0.79 per share, while analysts had called for $40.8M and $0.66 per share. Full-year earnings of $112.4M and $1.85 per share also beat analyst predictions of $103.4M. The company's membership continues to grow steadily, finishing 2013 with over 44 million members and projecting 48 million members by the end of first quarter. CEO Reed Hastings commented that Netflix had a good year and continues to focus on providing "consumer-in-control internet television."

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: NFLX
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