LIVE: Here comes Netflix's earnings

Ernesto S. Ruscio/Getty Images for Netflix

Reed Hastings, CEO of Netflix

Wall Street is expecting big things from Netflix on Tuesday afternoon when it reports its third-quarter results.

Analysts are expecting to see sharp rises in both revenue and earnings at the streaming media giant. With the company's shares largely trading sideways in recent months, investors may have more muted expectations.

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Here's what the Street is expecting from the company's quarterly report:

• Q3 Revenue: $4 billion. In the same quarter last year, Netflix pulled in $2.98 billion in sales.
• Q3 Earnings per share (GAAP): 68 cents. In last year's third quarter, it earned 29 cents a share.
• Revenue, Q4 forecast: $4.23 billion. In the fourth quarter last year, Netflix saw sales of $3.29 billion.
• Earnings per share, Q4 forecast: 50.4 cents. In the same quarter last year, it posted a profit of 41 cents a share.

In late afternoon trading, Netflix's stock was up $12.22 a share, or 3.67%, to $345.35.

Business Insider will be covering the Netflix Q3 results live so hit refresh or click here for the latest updates.

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