Netflix Inc. Profit Climbs In Q1, Beats Estimates

(RTTNews) - Netflix Inc. (NFLX) announced earnings for its first quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $2.89 billion, or $6.61 per share. This compares with $2.33 billion, or $5.28 per share, last year.

Analysts on average had expected the company to earn $5.66 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 12.5% to $10.543 billion from $9.370 billion last year.

Netflix Inc. earnings at a glance (GAAP) :

-Earnings: $2.89 Bln. vs. $2.33 Bln. last year. -EPS: $6.61 vs. $5.28 last year. -Revenue: $10.543 Bln vs. $9.370 Bln last year.

-Guidance: Next quarter EPS guidance: $11.035 Bln Next quarter revenue guidance: $7.03