Analysts expect Netflix to cite $1 billion in sales for Q1

04/22/2013 | MarketWatch

A surge in new subscribers is expected to have helped propel Netflix into the black in the first quarter, according to analysts who forecast that the company will report profits of 18 cents a share on sales of about $1 billion when it releases its earnings statement after the market closes today. While Netflix has been tight-lipped about the number of new customers who have jumped on the "House of Cards" bandwagon, Andy Hargreaves of Pacific Crest Securities estimates that the streaming provider added 1.74 million U.S. streaming subscribers during the quarter.

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