Investing.com - Netflix (NASDAQ:NFLX) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.3 on revenue of $5.47B. Analysts polled by Investing.com forecast EPS of $0.52 on revenue of $5.45B. That compared to EPS of $0.3 on revenue of $4.19B in the same period a year earlier. The company had reported EPS of $1.47 on revenue of $5.24B in the previous quarter.
For the year, Netflix shares are up 4.58%, outperforming the Nasdaq which is up 3.67% year to date.
Netflix follows other major Services sector earnings this month
On Wednesday, January 8, 2020, Walgreens Boots reported first quarter EPS of $1.37 on revenue of $34.34B, compared to forecasts of EPS of $1.41 on revenue of $34.58B.
TAL Education earnings missed analyst's expectations on Tuesday, with fourth quarter EPS of $0.05 on revenue of $862.36M. Investing.com analysts expected EPS of $0.12 on revenue of $836.98M
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