Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Even as some of us like to stay away from the gambling hall that is earnings, moves like this remind why so many partake. Netflix (NFLX) reported a gain of 13 cents versus expectations of a loss of 13 cents. This is good enough for a 30% move in after hours…. well 32% even in the time I type it.
Netflix sees 1Q revenue at $1.004 – $1.031 billion, beating estimate of $969.2 million
Added 2.05 million domestic streaming subscribers in Q4
EPS 13c vs. -13c est. Rev $945 mil vs. $934.5 mil est.
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Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
