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."
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