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Netflix Is A GIGANTIC Win For Carl Icahn

Julia La RocheJan 24, 2013, 02:51 IST

Shares of Netflix are soaring in after-hours trading after the company released an earnings announcement that crushed analysts' expectations.

Netflix posted a profit of 13 cents earnings per share in the fourth-quarter. Analysts were looking for a net loss of 13 cents.

The stock was last up more than 24 percent in the after-hours session.

This is also a big win for billionaire investor Carl Icahn.

On November 19, 2012, Icahn Associates disclosed that owned 4,291,066 shares, or a 9.98 percent stake, according to data compiled by Bloomberg.

"Carl Icahn became a 10 percent investor last quarter at approximately $58 per share. We have no further news about his intentions, but have had constructive conversations with him about building a more valuable company," Netflix said in its 8K filing with the SEC.