LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported second-quarter profit of $2.15 billion.
The Los Gatos, California-based company said it had net income of $4.88 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.70 per share.
The internet video service posted revenue of $9.56 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $9.53 billion.
For the current quarter ending in September, Netflix said it expects revenue in the range of $9.73 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NFLX at https://www.zacks.com/ap/NFLX
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
