Quick Hits: Netflix Reeling Them In
There's plenty of life in Netflix's (NFLX) business model. The nation's largest mail-order-movie company said fourth-quarter profit rose 45% and it plans to spend up to $175 million to buy back stock. Netflix said fourth-quarter net income totaled $22.7 million or $0.38 a share up from $15.7 million or $0.23 a share for the same period a year ago. Revenue jumped 19% to $359.6 million. The cost of acquiring new subscribers a key factor for investors dropped 23% to $26.67 per customer. But the churn rate or the rate of customer cancellations edged up to 4.2% from 4.1%. The company says ...
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here