Netflix: 4Q Earnings Snapshot
Posted January 17, 2019 4:10 pm.
This article is more than 5 years old.
LOS GATOS, Calif. (AP) _ Netflix Inc. (NFLX) on Thursday reported fourth-quarter profit of $133.9 million.
The Los Gatos, California-based company said it had profit of 30 cents per share.
The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The internet video service posted revenue of $4.19 billion in the period, falling short of Street forecasts. Eleven analysts surveyed by Zacks expected $4.21 billion.
For the current quarter ending in April, Netflix said it expects revenue in the range of $4.49 billion. Analysts surveyed by Zacks had expected revenue of $4.59 billion.
Netflix shares have climbed 32 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen nearly 5 per cent. In the final minutes of trading on Thursday, shares hit $353.43, a rise of 62 per cent in the last 12 months.
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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
The Associated Press
