Netflix Beats Earnings Estimates on Revenue of $1.27 Billion

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Netflix Beats Earnings Estimates on Revenue of $1.27 Billion

Netflix Beats Earnings Estimates on Revenue of $1.27 Billion
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Netflix Beats Earnings Estimates on Revenue of $1.27 Billion

by TheStreet.com Videos 1:29 mins

On Monday, Netflix announced earnings of $0.86 cents a share on $1.27 billion in revenues, beating analyst estimates of $0.83 cents a share on $1.27 billion in revenues. Netflix's quarterly update comes at a time when the stock has been trading lower in recent weeks amid a broad sell-off of tech companies. So far in 2014, shares of the company have fallen about six-percent. Some key topics on the minds of investors included intense focus on subscriber growth and expansion details.

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