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Netflix Surges on Solid Guidance

Stock quotes in this article: NFLX , BBI  

Online movie rental service Netflix (NFLX Quote) saw a 60% year-over-year rise in net subscribers and beat analysts' earnings expectations soundly.

The Los Gatos, Calif., movie rental service made $38 million, or 57 cents a share, in the fourth quarter ended Dec. 31, up from $5.6 million, or 9 cents a share, a year ago. Revenue rose 36% from a year ago to $195 million.

Analysts polled by Thomson were looking for a per-share profit of 15 cents on just under $195 million in revenue. ...

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