LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Tuesday reported third-quarter net income of $2.55 billion.
The Los Gatos, California-based company said it had profit of $5.87 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.89 per share.
The internet video service posted revenue of $11.51 billion in the period, which also fell short of Street forecasts. Nine analysts surveyed by Zacks expected $11.52 billion.
For the current quarter ending in December, Netflix said it expects revenue in the range of $11.96 billion.
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