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Netflix surpasses expectations adding 5.2 million subscribers while stocks soar by more than 10%

Netflix

­In a report Netflix, the dominant streaming video provider, stated that it added d 5.2 million new subscribers, which blew away the Wall Street’s estimations of 3.23 million during a historically weak quarter despite the return of one its original content like “Orange is the New Black” The second quarter earnings report from Netflix was released early this week, where it just fell an inch away if analyst’s estimates on EPS, and beat on revenue. Shares of the entertainment…

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