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Technology Stocks : Netflix (NFLX) and the Streaming Wars -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (268)	4/21/2008 5:07:31 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 2280

Nice call, congrats! NFLX 34.50 off 4.05 Netfrix "meets" estimates, light on revenues. .................................. AP Netflix 1Q profit rises on increased subscribers Monday April 21, 4:24 pm ET Netflix 1st-quarter profit rises as online DVD rental co. gains subscribers, cuts expenses NEW YORK (AP) -- Netflix says its first-quarter earnings rose 36 percent as its subscriber base grew and operating expenses declined. The Los Gatos, Calif.-based online DVD rental service earned $13.4 million, or 21 cents per share, in the quarter, compared with $9.9 million, or 14 cents per share, a year ago. On an adjusted basis, Netflix earned 23 cents per share. Revenue rose 7 percent to $326.2 million from $305.3 million. Analysts polled by Thomson Financial had expected earnings of 21 cents per share on $326.9 million in revenue. Netflix ended the quarter with 8.2 million subscribers, up from 6.8 million in the year-ago quarter. The company's operating expenses fell to $88.4 million from $99.1 million, as Netflix trimmed marketing expenses amid declining competition.