Netflix Inc. Profit Drops 34% In Q4

(RTTNews) - Netflix Inc. (NFLX) revealed earnings for fourth quarter that declined compared to the same period last year.

The company said its earnings dropped to $29.74 million, or $0.07 per share. This was down from $44.76 million, or $0.10 per share, in last year's fourth 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 23.0% to $1.82 billion. This was up from $1.48 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q4): $29.74 Mln. vs. $44.76 Mln. last year. -Earnings Decline (Y-o-Y): -33.6% -EPS (Q4): $0.07 vs. $0.10 last year. -EPS Decline (Y-o-Y): -30.0% -Analysts Estimate: $0.02 -Revenue (Q4): $1.82 Bln vs. $1.48 Bln last year. -Revenue Change (Y-o-Y): 23.0%