Sunday, April 25, 2010

Netflix shares soar on good earnings news - The Boston Globe

I continue to believe Netflix would be a very timely Amazon acquisition.  In the meantime, Netflix mkt cap is ~$5.3B and Blockbuster mkt cap is ~$100M.

Netflix Inc. surged after posting a 44 percent increase in quarterly profit and Citigroup Inc. recommended buying the stock. Also, at least six analysts boosted their forecasts for the shares. Net income advanced to $32.3 million, or 59 cents a share, from $22.4 million, or 37 cents, a year ago. Analysts forecast 54 cents a share. Sales rose 25 percent to $493.7 million. Netflix added 1.7 million subscribers. Shares have risen 82 percent this year.

Netflix shares soar on good earnings news - The Boston Globe

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