WASHINGTON (dpa-AFX) - Netflix Inc. (NFLX) revealed a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $2.33 billion, or $5.28 per share. This compares with $1.31 billion, or $2.88 per share, in last year's first quarter.
Analysts on average had expected the company to earn $4.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 14.8% to $9.37 billion from $8.16 billion last year.
Netflix Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $2.33 Bln. vs. $1.31 Bln. last year. -EPS (Q1): $5.28 vs. $2.88 last year. -Revenue (Q1): $9.37 Bln vs. $8.16 Bln last year.
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