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LIVE! Netflix reports third quarter earnings ...

Myles Udland   

LIVE! Netflix reports third quarter earnings ...
Stock Market2 min read

Reed Hastings

REUTERS/ Mike Cassese

Netflix Chief Executive Officer Reed Hastings.

Netflix is set to report third quarter earnings after the market close on Wednesday.

Via Bloomberg, Wall Street is looking for the company to report adjusted earnings per share of $0.12 on revenue of $1.75 billion.

On the user side, Netflix is expected to add 1.25 million domestic streaming users and 2.45 million international users, according to Bloomberg.

In the second quarter, the company added 3.3 million subscribers.

Shares of Netflix, which are up about 125% this year against a 2% decline for the S&P 500 this year, rallied as much as 11% following that report.

On Wednesday ahead of the report Netflix shares were little changed.

In a note to clients ahead of the report, analysts at Bespoke said the stock has declined at least 9% in each of its last four October earnings report, including a 19% decline in 2014 and a 35% decline in 2011.

We'll be back with the live numbers when they cross.

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