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Netflix adds 2.3M more US subscribers

Jan. 23, 2014 @ 07:02 AM

SAN FRANCISCO — Net­flix’s fourth-quarter earnings soared as the Internet video service added another 2.3 mil­lion U.S. subscribers to burnish its status as one of the world’s most popular entertainment options.

The financial results announced Wednesday topped analyst estimates, and Netflix basked in Wall Street’s adula­tion. The company’s stock surged $58.39, or more than 17 percent, to $392.12 in extended trading. If the shares behave similarly in Thursday’s regular session, the stock will hit its highest levels since Netflix Inc. went public nearly 12 years ago..

Netflix Inc. ended December with 33.4 million U.S. subscrib­ers who stream video over high-speed Internet connec­tions, up from 31.1 million in September.

The Los Gatos, Calif. com­pany earned $48 million, or 79 cents per share, during final three months of last year. That compared to $8 million, or 13 cents per share, at the same time in 2012. Revenue rose 24 percent from the previous year to nearly $1.2 billion.

W.Va. residents’ utility bills up 1.2 pct in 2013

CHARLESTON — A new report says West Virginians paid 1.2 percent more for utili­ties in 2013 than in the previ­ous year, primarily because of increases in natural gas and water rates.

The report released Wednes­day by the Public Service Com­mission’s Consumer Advocate Division says the average West Virginia utility customer paid $280.62 a month for gas, elec­tricity, water and telephone service last year.

 

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