Netflix Inc. Profit Rises In Q4, Beats Estimates

(RTTNews) - Netflix Inc. (NFLX) revealed earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $1.869 billion, or $4.27 per share. This compares with $938 million, or $2.11 per share, last year.

Analysts on average had expected the company to earn $4.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 16.0% to $10.247 billion from $8.833 billion last year.

Netflix Inc. earnings at a glance (GAAP) :

-Earnings: $1.869 Bln. vs. $938 Mln. last year. -EPS: $4.27 vs. $2.11 last year. -Revenue: $10.247 Bln vs. $8.833 Bln last year.

-Guidance: Next quarter EPS guidance: about $5.58 Next quarter revenue guidance: around $10.416 bln