Netflix Beats On Q1 Earnings, Plans Price Increase

By | April 21, 2014

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Streaming video service Netflix garnered positive reviews from investors late Monday for its first- quarter results, which beat earnings and subscriber forecasts, and it announced plans to nudge rates higher for new users. Netflix (NFLX) earned 86 cents a share in the March quarter, up from 5 cents a year earlier and topping Wall Street’s forecast for 83 cents. Sales were $1.27 billion, up 24% and in line with forecasts. The Los Scalper1 News

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