LOS GATOS, Calif. (AP) _ Netflix Inc. (NFLX) on Monday reported second-quarter profit of $384.3 million.
On a per-share basis, the Los Gatos, California-based company said it had profit of 85 cents.
The results topped Wall Street expectations. The average estimate of 19 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The internet video service posted revenue of $3.91 billion in the period, falling short of Street forecasts. Sixteen analysts surveyed by Zacks expected $3.94 billion.
For the current quarter ending in October, Netflix said it expects revenue in the range of $3.99 billion. Analysts surveyed by Zacks had expected revenue of $4.14 billion.
Netflix shares have more than doubled since the beginning of the year, while the Standard & Poor”s 500 index has climbed roughly 5 percent. In the final minutes of trading on Monday, shares hit $399.93, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NFLX at https://www.zacks.com/ap/NFLX