Netflix reports upbeat guidance after Q3 results top estimates
Investing.com -- Netflix reported upbeat guidance Thursday following third-quarter results that topped Wall Street expectations as the streaming giant added more subscribers than expected in quarter.
Netflix Inc (NASDAQ: NFLX) was up more than 3% in afterhours following the results.
Netflix reported earnings of $5.40 a share on revenue of $9.83B, topping estimates for earnings of $5.12 a share on revenue of $9.77M.
The streaming giant added in 5.07M users in Q3, well above the 4.54M estimated.
For Q4, earnings was forecast to come in at $4.23 per share on revenue of $10.13B, beating analyst estimates of 3.89 on revenue of $10.04B.