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Netflix posts surprise profit in Q4
2013-01-24 09:11:00| Telecompaper Headlines
(Telecompaper) Streaming video service Netflix reported fourth-quarter results better than expected, thanks to solid subscriber growth both in the US and abroad. Revenues rose to USD 945 million from USD 876 million a year ago, while net profit dropped to USD 8 million from USD 35 million. The result was better than expected, after Netflix earlier forecast a loss in the period due to costs for launching in Nordic markets during the period. The international activities performed better than expected, growing by 1.8 million customers in three months to a total 6.12 million, ahead of Netflix's guidance of 5.2-5.9 million. Losses from the international activities were less than expected, at USD 105 million on revenues of USD 101 million. Netflix said the Nordic launch went well, but it does plan any further expansion until late 2013 or 2014. In its home market the US, streaming customers by just over 2 million from September to 27.15 million, just ahead of the company's outlook. For the first quarter, Netflix said it expects net profit flat versus Q4, while free cash flow will be deeper in the red than the USD 51 million last quarter, due to costs for creating original programming. Subscribers numbers are expected to grow to 28.5-29.2 million in the US and 6.6-7.3 million at the international activities.
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profit
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q4
New Stock Market Highs, This Big Earnings Surprise: Weekly Market Recap
2013-01-19 18:40:23| Trucking - Topix.net
The markets were mixed, with declining issues out-numbering advancing issues across the board.
New Stock Market Highs, This Big Earnings Surprise: Weekly Market Recap
2013-01-19 18:14:47| Air Courier - Topix.net
The markets were mixed, with declining issues out-numbering advancing issues across the board.
Surprise, surprise: Nokia's Q4 rides high on Lumia sales
2013-01-10 14:38:12| CNET News.com
The company's mobile phone business exceeded expectations, according to preliminary financial information the company has released. [Read more]
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sales
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rides
Hogs & Pigs Report a Bearish Surprise
2013-01-03 01:00:00| ThePigSite - Industry News
US - "Happy New Year! Please accept our wishes that this year will be a great one for you – both professionally and personally!" writes Steve Meyer in his weekly "Market Preview" as published in National Hog Farmer magazine.
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surprise
pigs
hogs
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