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Netflix: Q3 Earnings Snapshot

Netflix: Q3 Earnings Snapshot

LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Wednesday reported third-quarter earnings of $1.68 billion.

On a per-share basis, the Los Gatos, California-based company said it had net income of $3.73.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $3.46 per share.

The internet video service posted revenue of $8.54 billion in the period, also beating Street forecasts. Fourteen analysts surveyed by Zacks expected $8.53 billion.