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Netflix: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported second-quarter profit of $2.15 billion.

The Los Gatos, California-based company said it had net income of $4.88 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.70 per share.

The internet video service posted revenue of $9.56 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $9.53 billion.

For the current quarter ending in September, Netflix said it expects revenue in the range of $9.73 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