Investing.com - Netflix (NASDAQ:NFLX) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Netflix announced earnings per share of $1.74 on revenue of $6.44B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $6.39B.
Netflix shares are up 62% from the beginning of the year and are trading at $525.50 , down-from-52-week-high.They are outperforming the Nasdaq which is up 28.35% from the start of the year.
Netflix follows other major Services sector earnings this month
Netflix's report follows an earnings beat by Costco on Thursday, September 24, 2020, who reported EPS of $3.51 on revenue of $53.38B, compared to forecasts EPS of $2.85 on revenue of $52.11B.
Prologis had beat expectations on Tuesday with third quarter EPS of $0.41 on revenue of $980.15M, compared to forecast for EPS of $0.31 on revenue of $947.3M (NYSE:MMM).
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar