Netflix Gained 23% Since its Fourth Quarter Results - 0 views
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Roxie Metro on 13 Feb 12Netflix (NFLX) pushed the reverse button on its fourth-quarter earnings subsequent to resolving alleges that the video subscription service dishonored a consumer-privacy law. Accounting for the $9 million settlement resulted in a 14% decline in the fourth-quarter net income that Netflix reported on January 25. The company, which is based in Los Gatos, revealed the alteration in a regulatory filing late Friday.