Netflix: Q1 Earnings Snapshot

LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported first-quarter net income of $2.33 billion.

The Los Gatos, California-based company said it had net income of $5.28 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.51 per share.

The internet video service posted revenue of $9.37 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $9.26 billion.

For the current quarter ending in June, Netflix said it expects revenue in the range of $9.49 billion.


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