LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Tuesday reported fourth-quarter earnings of $937.8 million.
On a per-share basis, the Los Gatos, California-based company said it had profit of $2.11.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share.
The internet video service posted revenue of $8.83 billion in the period, which beat Street forecasts. Thirteen analysts surveyed by Zacks expected $8.72 billion.
For the current quarter ending in March, Netflix said it expects revenue in the range of $9.24 billion.
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