Company News: Netflix (NFLX) quarterly earnings beat analysts’ expectations

Market news

18 January 2019

Company News: Netflix (NFLX) quarterly earnings beat analysts’ expectations

Netflix (NFLX) reported Q4 FY 2018 earnings of $0.30 per share (versus $0.41 in Q4 FY 2017), beating analysts’ consensus estimate of $0.24.

The company’s quarterly revenues amounted to $4.187 bln (+27.4% y/y), generally in line with analysts’ consensus estimate of $4.207 bln.

The company also issued downside guidance for Q1 FY 2019, projecting EPS of $0.56 (versus analysts’ consensus estimate of $0.86) and revenues of $4.494 bln (versus analysts’ consensus estimate of $4.61 bln).

NFLX fell to $341.99 (-3.17%) in pre-market trading.

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