Netflix: Q4 Earnings Snapshot




  • In US
  • 2023-01-19 21:13:07Z
  • By Associated Press
 

LOS GATOS, Calif. (AP) _ Netflix Inc. (NFLX) on Thursday reported fourth-quarter profit of $55.3 million.

On a per-share basis, the Los Gatos, California-based company said it had profit of 12 cents.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The internet video service posted revenue of $7.85 billion in the period, exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $7.84 billion.

For the current quarter ending in March, Netflix said it expects revenue in the range of $8.17 billion. Analysts surveyed by Zacks had expected revenue of $7.95 billion.

_____

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

COMMENTS

More Related News

Apple
Apple's lower iPhone sales drive first profit miss since 2016

(Reuters) -Apple Inc on Thursday reported sales and profits that missed Wall Street expectations driven by weak iPhone sales after COVID lockdowns in China...

Meta posts lower Q4 profit, announces huge stock buyback
Meta posts lower Q4 profit, announces huge stock buyback
  • US
  • 2023-02-01 21:25:53Z

Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition...

Meta Platforms: Q4 Earnings Snapshot
Meta Platforms: Q4 Earnings Snapshot
  • US
  • 2023-02-01 21:16:10Z

Meta Platforms: Q4 Earnings Snapshot

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

  • Annemnani
    (2023-01-28 22:22:54Z)

    generic 5mg cialis best price The probabilistic sensitivity analysis yielded a 95 credible interval between US 27, 000 and US 95, 500 per QALY gained Electronic Supplementary Material Fig

    REPLY
  • Annemnani
    (2023-02-02 08:18:42Z)

    78 buy azithromycin chlamydia treatment 61; difference in incidence 0

    REPLY

Top News: US