Netflix Inc. Announces 75% Rise In Q3 Bottom Line

(RTTNews) - Netflix Inc. (NFLX) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line rose to $51.52 million, or $0.12 per share. This was up from $29.43 million, or $0.07 per share, in last year's third quarter.

Analysts had expected the company to earn $0.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 31.6% to $2.29 billion. This was up from $1.74 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q3): $51.52 Mln. vs. $29.43 Mln. last year. -Earnings Growth (Y-o-Y): 75.1% -EPS (Q3): $0.12 vs. $0.07 last year. -EPS Growth (Y-o-Y): 71.4% -Analysts Estimate: $0.06 -Revenue (Q3): $2.29 Bln vs. $1.74 Bln last year. -Revenue Change (Y-o-Y): 31.6%