Investing.com - Netflix (NASDAQ:NFLX) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.76 on revenue of $4.52B. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $4.5B. That compared to EPS of $0.64 on revenue of $3.7B in the same period a year earlier. The company had reported EPS of $0.3 on revenue of $4.19B in the previous quarter.
For the year, Netflix shares are up 34.3%, outperforming the Nasdaq which is up 22.95% year to date.
Netflix follows other major Services sector earnings this month
On Tuesday, April 2, 2019, Walgreens Boots reported second quarter EPS of $1.64 on revenue of $34.53B, compared to forecasts of EPS of $1.72 on revenue of $34.58B.
Prologis earnings beat analyst's expectations on Tuesday, with first quarter EPS of $0.57 on revenue of $680.05M. Investing.com analysts expected EPS of $0.33 on revenue of $674.53M
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