Most stocks would be crushed by news that earnings per shares dropped almost 50 cents from a year earlier and missed Street expectations by 31 cents. Not Netflix. Shares were soaring in after hours trading Wednesday thanks to stronger than expected subscriber growth. The company also announced plans to split its stock for the first time since 2004.
Netflix Netflix closed out the first quarter with 62.3 million members, adding 4.9 million new users in the first three months of the year. In January the video streaming company forecast that it would add 4 million new subscribers in the first quarter for a total of 57.4 million. Critical acclaim ...
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