|
NET FLIX Free Resources
The company had $15.6 mi...
The company had $15.6 million cash on hand as of March 31.
Investors are probably looking favorably at the company's improving financial picture, said David Menlow, president of research service IPO Financial Network.
"Revenue is increasing at a robust pace, and losses are shrinking dramatically. Here's a company that represents the possibility of hitting critical mass," he said.
But that doesn't mean that we're poised for another dot-com deluge in the stock market, he said.
"I'm hopeful that it is a singular situation, not the beginning of a new trend on filings," he said. "We do expect, as the economy stabilizes, more deals to make it into the marketplace. But hopefully they will not be dot-com stocks."
Netflix boosts quarterly outlook, cites lower churn
LOS ANGELES (Reuters) - Online DVD rental service Netflix Inc. Wednesday raised forecasts for several key financial measures for the current quarter, including revenues, due mainly to its ability to retain customers.
Los Gatos, California-based Netflix expects to post fourth-quarter revenue between $43 million and $46 million, up from a recent forecast of $41 million to $44 million. It sees subscribers at 840,000 to 870,000 by the year's end, up from an earlier projection of between 830,000 and 860,000.
|
