Netflix Inc. Q3 Earnings Advance

(RTTNews) - Netflix Inc. (NFLX) released a profit for its third quarter that increased from the same period last year.

The company's profit totaled $403 million, or $0.89 per share. This compares with $130 million, or $0.29 per share, in last year's third quarter.

Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 33.8% to $4.00 billion from $2.99 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q3): $403 Mln. vs. $130 Mln. last year. -EPS (Q3): $0.89 vs. $0.29 last year. -Analysts Estimate: $0.68 -Revenue (Q3): $4.00 Bln vs. $2.99 Bln last year.