Netflix Inc. Reveals 17% Gain In Q1 Bottom Line

(RTTNews) - Netflix Inc. (NFLX) reported earnings for its first quarter that increased from last year.

The company said its bottom line climbed to $27.66 million, or $0.06 per share. This was higher than $23.70 million, or $0.05 per share, in last year's first quarter.

Analysts had expected the company to earn $0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.8% to $1.96 billion. This was up from $1.57 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q1): $27.66 Mln. vs. $23.70 Mln. last year. -Earnings Growth (Y-o-Y): 16.7% -EPS (Q1): $0.06 vs. $0.05 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.03 -Revenue (Q1): $1.96 Bln vs. $1.57 Bln last year. -Revenue Change (Y-o-Y): 24.8%