LOS ANGELES (AP) — LOS ANGELES (AP) — Webtoon Entertainment Inc. (WBTN) on Thursday reported third-quarter profit of $19.8 million.

The Los Angeles-based company said it had net income of 15 cents per share. Earnings, adjusted for non-recurring costs, came to 22 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.

The online storytelling platform for comics and cartoons posted revenue of $347.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $336.4 million.

For the current quarter ending in December, Webtoon said it expects revenue in the range of $375 million to $385 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBTN at https://www.zacks.com/ap/WBTN