LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported second-quarter net income of $294.9 million.

On a per-share basis, the Luxembourg-based company said it had profit of $1.43.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.

The music-streaming service operator posted revenue of $4.1 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $4.12 billion.

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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 SPOT at https://www.zacks.com/ap/SPOT