|Netflix has integrated its streaming player in many consumer electronics devices including the XBox 360 (Photo credit: Wikipedia)|
According to the company, the increase will take place in July, with the increase in price being added at that time. The company has stated that United States based subscribers will keep paying $8 per month for a generous, yet undisclosed, period of time.
While these companies have all experienced profit growth and improvement, it has come from a place that was entirely opposite. With the market and economy in such a fickle place, companies are grabbing the profits and learning from them while they can. Time alone will show us the results.
Netflix is a San Francisco based company that made the public aware of the increase in cost on April 22. It has been reported that those with vested interest in Netflix are in approval of the price hike, and the result was a 6% surge in the company's stock. During the first quarter of 2014, Netflix earned $53 million, which paid out $.86 per share of stock. Last year the numbers were $2.7 million, or $.05 per share. To put it delicately, revenue for Netflix has risen 24%: $1.3 billion.
If we take Haliburton into consideration in comparison, we find they reported profit in the first quarter year, however, they had reported loss the exact same quarter last year. Now Haliburton sells their services to companies whose primary focus is natural gas and oil drilling. This would also include hydraulic fracturing. Haliburton sustained damage by the low prices that have undermined their gas drilling services. This company, based in Houston, reported a net income of $622 million dollars @ $.73 per share. Their revenue rose 5% to $7.35 million. Without an added charge, adjusted profit for the company was $.67 one year ago.
Another company is Hasbro. It has found its way home to making profits in this year's first quarter. The sales of toys for girls have been the biggest boost for the toy manufacturer. Having earned $32 million at $.24 per share ending March 30. Years earlier, they were suffering a loss than $6.5 million.