Netflix Inc. Q2 Profit Climbs, Beats Estimates

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

The company's bottom line came in at $2.15 billion, or $4.88 per share. This compares with $1.49 billion, or $3.29 per share, in last year's second quarter.

Analysts on average had expected the company to earn $4.74 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.7% to $9.56 billion from $8.19 billion last year.

Netflix Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $2.15 Bln. vs. $1.49 Bln. last year. -EPS (Q2): $4.88 vs. $3.29 last year. -Revenue (Q2): $9.56 Bln vs. $8.19 Bln last year.