Netflix Outlook Is Gloomy Despite a Profitable Quarter
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Sobering expectations â foreshadowed on Sunday when management announced lower prices â weighed on the companyâs already drooping stock.
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The future suddenly looks shaky for online DVD rental pioneer Netflix Inc. -- a plucky home entertainment upstart that managed to hold its ground after retailing giants Wal-Mart Stores Inc.
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Company reports a decline in its router business during its quarterly earnings, which barely met analyst expectations.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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Online DVD rental company Netflix Inc. (NFLX.O: Quote, Profile, Research) on Wednesday raised its subscriber and revenue forecasts for the fourth quarter, saying a price cut had helped draw new customers.
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Online DVD rental company Netflix Inc. on Thursday cut its subscription price and said it was changing its strategy to sacrifice healthy profits for growth in the face of strong competition.
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Netflix Inc.'s fourth-quarter profit soared past analyst expectations as the online DVD rental service gained 451,000 customers, providing further evidence the company has regained the upper hand in its bruising battle with rival Blockbuster Inc.
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Shares of Netflix Inc. (NFLX) plunged 40.2 percent before the bell Friday, the morning after the online DVD rental company said it would charge a lower subscription fee as of Nov. 1. On
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The movie studio posts a bad quarter, but a good year.
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Weak market, poor performance of key titles but takeover talks still on
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Blockbuster Inc. BBI.N on Wednesday  posted a quarterly operating profit well below analysts'  estimates even before $1.5 billion in one-time charges, as it  faced falling movie rental demand and higher costs to counter  competition.
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Annual results show a drop in profits despite better efficiency.
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Netflix Inc. , the largest online DVD rental company, on Monday reported its first-ever quarterly drop in subscriptions and cut forecasts for subscribers, revenue and profit for the year in the face of fierce competition from Blockbuster Inc.
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The future suddenly looks shaky for online DVD rental pioneer Netflix Inc. &#151; a plucky home entertainment upstart that managed to hold its ground after retailing giants Wal-Mart Stores Inc. and Blockbuster Inc. invaded its turf.
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The company has posted impressive growth, but the industry is struggling.
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Comcast Corp. (CMCSA.O: Quote, Profile, Research) , the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported better-than
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The investment firm posts a strong profit report, but shares slid.