It is pretty impressive that Netflix is expecting to do better than analysts predicted. Further, it is doing well when the economy is ailing. Netflix not only expects to maintain its customer base and revenue/NI, it expects to grow both of them. In fact, Netflix expects to have roughly $390 million revenue and $17.5 million NI for the 1st quarter of 2009. Its customer base passed the 10 million mark in February, adding over 600,000 since January!
Netflix stock took a hit last October and November. Since then, it has rebounded significantly. It has gained almost $10 since the beginning of the year. Not bad considering all that is going on in our economy.
It is pretty impressive that Netflix is expecting to do better than analysts predicted. Further, it is doing well when the economy is ailing. Netflix not only expects to maintain its customer base and revenue/NI, it expects to grow both of them. In fact, Netflix expects to have roughly $390 million revenue and $17.5 million NI for the 1st quarter of 2009. Its customer base passed the 10 million mark in February, adding over 600,000 since January!
ReplyDeleteNetflix stock took a hit last October and November. Since then, it has rebounded significantly. It has gained almost $10 since the beginning of the year. Not bad considering all that is going on in our economy.