Netflix, Inc. NFLX shares are trading higher after the company reported fourth-quarter earnings results.
The company reported quarterly earnings of $1.19 per share, which may not compare to the analyst consensus estimate of $1.39. This is an 8.46% decrease over earnings of $1.30 per share from the same period last year.
The company reported quarterly sales of $6.64 billion, which beat the analyst consensus estimate of $6.63 billion by 0.21%. This is a 21.53% increase over sales of $5.47 billion in the same period last year.
Netflix reports fourth-quarter global streaming paid memberships 203.66 million, up 21.9% year over year.
The company sees first-quarter earnings of $2.97 per share versus a $2.10 estimate and sales at $7.129 billion versus the $7.02 billion estimate.
Netflix shares were trading up 9.36% at $548.76 in Tuesday’s after-hours session. The stock has a 52-week high of $575.37 and a 52-week low of $290.25.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.