Netflix Inc. Announces Increase In Q3 Bottom Line, Beats estimates

(RTTNews) - Netflix Inc. (NFLX) revealed a profit for its third quarter that climbed from last year.

The company's profit totaled $1.45 billion, or $3.19 per share. This compares with $0.79 billion, or $1.74 per share, in last year's third quarter.

Analysts had expected the company to earn $2.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $7.48 billion from $6.44 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q3): $1.45 Bln. vs. $0.79 Bln. last year. -EPS (Q3): $3.19 vs. $1.74 last year. -Analysts Estimate: $2.56 -Revenue (Q3): $7.48 Bln vs. $6.44 Bln last year.