Netflix announced its Q3 earnings report.

Netflix Q3 Results

Netflix Inc. (NFLX) announced a net income of $2.55 billion for the third quarter. The company earned $5.87 per share.

However, these results did not meet Wall Street expectations. According to a survey by Zacks Investment Research, the average estimate from 10 analysts was for earnings of $6.89 per share.

In the third quarter, the internet video service generated $11.51 billion in revenue, which fell short of industry forecasts. Nine analysts surveyed by Zacks expected $11.52 billion in revenue.

Netflix projected revenue for the current quarter ending in December to be in the range of $11.96 billion. This will be closely monitored by investors and market analysts.