Netflix's First-Quarter Results Satisfy Investors

Netflix today reported a profit of $3 million for the first quarter of 2013, with total revenue of $1.02 billion. Revenue was up 20 percent over the same quarter of last year, when the company saw a net loss of $5 million.

Netflix today reported a profit of $3 million for the first quarter of 2013, with total revenue of $1.02 billion. Revenue was up 20 percent over the same quarter of last year, when the company saw a net loss of $5 million.