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Netflix’s third quarter earnings blow through Wall Street’s expectations (NFLX)





Reed Hastings attends a panel during Netflix's 'See What's Next' event at Villa Miani on April 18, 2018 in Rome, Italy.

Netflix’s third-quarter earnings crushed Wall Street’s expectations, but the streaming media giant warned investors not to expect the same for the holidays.

The company posted a profit of 89 cents a share in its most recent period, it reported on Tuesday. That was a full 21 cents a share better than analysts polled by Bloomberg had forecast.

But it warned that its per-share earnings in the fourth quarter will be just 23 cents a share — less than half of what Wall Street had predicted.

Investors focused on the bright side of the report. In recent after-hours trading, Netflix’s stock was up read more >>>

Source:: BusinessInsider.Com

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