Netflix Q1 EPS, Revenue Rise, Q2 Outlook Issued -- Shares Up After Hours

MT Newswires Live
04-18

Netflix (NFLX) late Thursday reported Q1 net income of $6.61 per diluted share, up from $5.28 a year ago.

Analysts polled by FactSet, on average, expected $5.67.

Revenue for the quarter ended March 31 was $10.54 billion, compared with $9.37 billion a year ago. Analysts expected $10.50 billion.

For Q2, the streaming video company is projecting EPS of $7.03 on $11.04 billion in revenue.

Analysts are looking for $6.25 and $10.89 billion, respectively.

Netflix shares were up almost 5% during after-hours session.

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