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Netflix Earnings Beat, Revenue Inline In Q3 -Breaking

by Mike Robinson

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© Reuters. Netflix Earnings Beat, Revenue Inline In Q3

Investing.com – Netflix (NASDAQ:) reported on Tuesday third quarter that beat analysts’ forecasts and revenue that was inline with expectations.

Netflix announced earnings per share of $3.19 on revenue of $7.48B. Analysts polled by Investing.com anticipated EPS of $2.57 on revenue of $7.48B.

Netflix shares are up 18% from the beginning of the year, still down 1.17% from its 52 week high of $646.84 set on October 7. They are under-performing the which is up 19.57% from the start of the year.

Netflix follows other major Services sector earnings this month

Netflix’s report follows an earnings beat by Prologis on Friday, who reported EPS of $0.97 on revenue of $1.04B, compared to forecasts EPS of $0.4715 on revenue of $1.04B.

Cintas had beat expectations on September 29 with first quarter EPS of $3.11 on revenue of $1.9B, compared to forecast for EPS of $2.76 on revenue of $1.88B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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