While you were sleeping US jobs, Netflix surprise

Thu, 24 Jan 2013

By Margreet Dietz Jan 25 (BusinessDesk) - Wall Street moved higher on better-than-expected economic data, while earnings including those of Netflix also surpassed estimates, outweighing the disappointment on Apple's results. Shares of Netflix soared, last up 37.5 percent, after the company reported a surprise profit. “Netflix is successfully balancing the costs of international expansion against the increasing profitability of its domestic business,” according to Bloomberg Industries analyst Paul Sweeney. The latest data on the world's larg...

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