LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Wednesday reported third-quarter earnings of $1.68 billion.
On a per-share basis, the Los Gatos, California-based company said it had net income of $3.73.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.
The internet video service posted revenue of $8.54 billion in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $8.53 billion.
For the current quarter ending in December, Netflix said it expects revenue in the range of $8.69 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