Netflix Inc. Q1 Income Rises 536%

(RTTNews) - Netflix Inc. (NFLX) released earnings for its first quarter that rose from last year.

The company said its bottom line rose to $178 million, or $0.40 per share. This was up from $28 million, or $0.06 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 34.7% to $2.64 billion. This was up from $1.96 billion last year.

Netflix Inc. earnings at a glance:

-Earnings (Q1): $178 Mln. vs. $28 Mln. last year. -Earnings Growth (Y-o-Y): 535.7% -EPS (Q1): $0.40 vs. $0.06 last year. -EPS Growth (Y-o-Y): 566.7% -Analysts Estimate: $0.37 -Revenue (Q1): $2.64 Bln vs. $1.96 Bln last year. -Revenue Change (Y-o-Y): 34.7%