Netflix: Q2 Earnings Snapshot
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Wednesday reported second-quarter earnings of $1.49 billion.
On a per-share basis, the Los Gatos, California-based company said it had net income of $3.29.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.
The internet video service posted revenue of $8.19 billion in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $8.26 billion.
For the current quarter ending in September, Netflix said it expects revenue in the range of $8.52 billion. Analysts surveyed by Zacks had expected revenue of $7.95 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NFLX at https://www.zacks.com/ap/NFLX