Subscribers Flock to Rebounding Netflix Inc. (Nasdaq: NFLX) - Time For Investors To Follow
Netflix Inc. (Nasdaq: NFLX) beat expectations with an earnings report Wednesday after the bell that sent its stock up more than 14% in after-hours trading, and set the stage for a stock rally in 2012.
The company reported U.S. subscribers in the fourth quarter jumped by 610,000 to reach 24.4 million. The increase helped recoup the 800,000 U.S. customers Netflix lost in the third quarter after it changed monthly rates.
The video rental and streaming company reported surprisingly