The Netflix juggernaut showed no signs of slowing down during the first quarter of 2011.
On the contrary, for the quarter ended March 31 (PDF), Netflix reported worldwide net profits of $60 million, or $1.11 per share, on revenue of $719 million. The earnings for the Web's top video-rental service were nearly twice the $32 million the company saw for the same period a year ago.
A survey of 25 analysts by FactSet Research showed that Netflix was expected to earn $1.07 a share. As for the company's closely watched number of subscribers, Netflix reported that … Read more