Netflix shares explode after Q1 earnings beats estimates

April 22, 2013 8:14 PM

15 0

Netflix shares explode after Q1 earnings beats estimates

Streaming service adds 3.04 million streaming subscribers in aftermath of debut of "House of Cards" mini-series.

Netflix posted adjusted earnings per share of 31 cents versus 18 cents. Revenue was $1.02 billion. Wall Street expected slightly more than $1 billion in revenue and earnings of 18 to 19 cents a share. A year ago during the same quarter, the company lost $5 million, or 8 cents a share, on revenue of ...

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