Netflix: third-quarter earnings beat expectations, revenue in line
FROM THE WIRE · FINANCE.YAHOO.COM
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Tuesday reported third-quarter profit of $3.66 billion. The Los Gatos, California-based company said it had net income of 87 cents per share. The results beat Wall Street expectations. The average estimate…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishAn EPS beat on a mega-cap stock can shift sentiment across the streaming sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Netflix reported third-quarter profit of $3.66 billion.
- 02Earnings per share were 87 cents, versus an average estimate of 82 cents.
- 03Revenue of $12.87 billion met Street forecasts.
- 04The company expects revenue of about $13.44 billion for the quarter ending in December.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
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