Netflix Inc.'s fourth-quarter profit soared past analyst expectations as the online DVD rental service gained 451,000 customers, providing further evidence the company has regained the upper hand in its bruising battle with rival Blockbuster Inc.
The Los Gatos-based company said Wednesday that it earned $15.8 million, or 24 cents per share, for the final three months of 2007. That was 6 percent more than its net income of $14.9 million, or 21 cents per share, in the same period a year earlier.
Revenue climbed 9 percent to $302.4 million, up from $277.2 million the prior year. Netflix ended December with 7.48 million subscribers, up from 7.03 million in …
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