Netflix Inc. Earnings Advance 55% In Q1

(RTTNews) - Netflix Inc. (NFLX) announced a profit for its first quarter that gained ground from last year.

The company said its bottom line climbed to $40.76 million, or $0.09 per share. This was higher than $26.34 million, or $0.06 per share, in last year's first quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.7% to $2.11 billion. This was up from $1.64 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q1): $40.76 Mln. vs. $26.34 Mln. last year. -Earnings Growth (Y-o-Y): 54.7% -EPS (Q1): $0.09 vs. $0.06 last year. -EPS Growth (Y-o-Y): 50.0% -Analysts Estimate: $0.02 -Revenue (Q1): $2.11 Bln vs. $1.64 Bln last year. -Revenue Change (Y-o-Y): 28.7%

-Guidance: Next quarter EPS guidance: 0.05 Next quarter revenue guidance: $2.16 Bln