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Netflix Earnings Beat, Revenue Inline In Q3

Published 10/16/2019, 04:02 PM
Updated 10/16/2019, 04:03 PM
© Reuters.  Netflix Earnings Beat, Revenue Inline In Q3
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Investing.com - Netflix (NASDAQ:NFLX) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that was inline with forecasts.

The firm reported earnings per share of $1.47 on revenue of $5.25B. Analysts polled by Investing.com expected EPS of $1.03 on revenue of $5.25B. That compared to EPS of $0.89 on revenue of $4B in the same period a year earlier. The company had reported EPS of $0.6 on revenue of $4.92B in the previous quarter.

Netflix follows other major Services sector earnings this month

On October 3, Costco reported fourth quarter EPS of $2.69 on revenue of $47.5B, compared to forecasts of EPS of $2.54 on revenue of $47.44B.

Prologis earnings beat analysts' expectations on Tuesday, with third quarter EPS of $0.71 on revenue of $710.47M. Investing.com analysts expected EPS of $0.53 on revenue of $715.88M

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

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