Netflix Is Considering a Stock-Buyback Program
Netflix (NASDAQ: NFLX) shares surged in after-hours trading on Tuesday following the company's strong fourth-quarter update. Not only did Netflix report better-than-expected revenue and subscribers, but it also said it's on pace to become sustainably cash flow positive in the near future. Indeed, management is so confident in this outcome that it's already considering putting some excess cash flow to use in a share-repurchase program.
Here's a look at the key takeaways from the streaming-giant's fourth-quarter results.
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Source Fool.com
