Netflix Q3 earnings – Business Insider

Reed Hastings, CEO of NetflixErnesto S. Ruscio/Getty Images for Netflix

Wall Street is expecting big things from Netflix on Tuesday afternoon when it reports its third-quarter results.

Analysts are expecting to see sharp rises in both revenue and earnings at the streaming media giant. With the company’s shares largely trading sideways in recent months, investors may have more muted expectations.

Here’s what the Street is expecting from the company’s quarterly report:

• Q3 Revenue: $4 billion. In the same quarter last year, Netflix pulled in $2.98 billion in sales.
• Q3 Earnings per share (GAAP): 68 cents. In last year’s third quarter, it earned 29 cents a share.
• Revenue, Q4 forecast: $4.23 billion. In the fourth quarter last year, Netflix saw sales of $3.29 billion.
• Earnings per share, Q4 forecast: 50.4 cents. In the same quarter last year, it posted a profit of 41 cents a share.

In late afternoon trading, Netflix’s stock was up $12.22 a share, or 3.67%, to $345.35.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!