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Netflix beats quarterly expectations

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Netflix reported better top- and bottom-line results in the third quarter than analysts expected.

Earnings per share were $3.10, above the $2.13 per share estimate by analysts. Revenue of $7.9 billion beat projections of $7.8 billion.

During the quarter, Netflix added 2.4 million subscribers. Analysts expected 1.1 million new subscribers.

Read more from CNBC.

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