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NFLX rockets up $45!

posted Apr 23, 2013, 6:34 PM by Mohit Kumar
Huge win for us!  Not only has our bet on NFLX turned very profitable (nearly 100%), but our fearless and logical faith on Netflix at a time when investors were dumping the stock has turned fruitful. Yet again, we prove to ourselves, how effective our analysis and patient strategy can be! Congratulations to all members!

Expectations on revenue were $1.02 billion and Netflix closed in at $1.204 billion, in line. For EPS, expectations were $0.18 and Netflix smashed it with $0.31. Note, this is adjusted for the one-time expense of a loss on early extinguishment of debt, which expectations had not priced in. On a GAAP basis, Netflix showed $0.05 profit per share!

For subscribers, they came in at the high end of guidance given for each category at the end of last year, beating midpoint of guidance by 1.5% and marking the 26th time in the past 29 quarters of beating that midpoint number.

These are awesome numbers and we continue to love NFLX!

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