Investing.com – Netflix (NASDAQ:) reported on Tuesday fourth quarter that beat analysts’ forecasts and revenue that topped expectations.
Netflix announced earnings per share of $1.3 on revenue of $5.47B. Analysts polled by Investing.com forecast EPS of $0.52 on revenue of $5.45B. That was in comparison with EPS of $0.3 on revenue of $4.19B in the same quarter a year before.Netflix had announced EPS of $1.47 on revenue of $5.24B in the previous quarter.Analysts are forecasting EPS of $1.21 and revenue of $5.76B in the next quarter.
Netflix stock’s are up 4.58% since the start of the year and is trading at $338.40 , still down 12.33% from its 52 week high of $385.99 set on May 1, 2019.
Netflix follows other major Services sector earnings this month
Netflix’s report follows an earnings missed by Walgreens Boots on January 8, who reported EPS of $1.37 on revenue of $34.34B, compared with expected EPS of $1.41 on revenue of $34.58B.
TAL Education had missed expectations on Tuesday with fourth quarter EPS of $0.05 on revenue of $862.36M, was in comparison with forecast for EPS of $0.12 on revenue of $836.98M.
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