Netflix Inc. Q4 Profit Climbs, Beats Estimates

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

The company's earnings came in at $1.87 billion, or $4.27 per share. This compares with $0.94 billion, or $2.11 per share, last year.

Analysts on average had expected the company to earn $4.2 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: $1.87 Bln. vs. $0.94 Bln. 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: $5.58 Next quarter revenue guidance: $10.416 Bln