Netflix: stock up as expectations beaten

(CercleFinance.com) - The company's quarterly results on Tuesday evening were better than expected, with the stock up 0.
4% after the opening bell on Wednesday.

The company was expected to rise by more than 4%, but only gained 0.4% in early trading on the Nasdaq, a performance that failed to erase its 66% loss so far this year.

The world's number one online video company said last night that its paid subscribers shrank by less than a million in Q2.

This is better than the two million subscriber loss that the California-based group had initially forecast and the 1.5 million fewer customers expected by the market.


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