Netflix Announces Expansion Into UK and Ireland Ahead of Q3 Earnings

The company will begin offering its streaming service in early 2012

Netflix announced Monday that it will expand its service to the United Kingdom and Ireland in early 2012.

As with the company's other international offerings, Netflix's service will be streaming only and will not include disc rentals. 

News of an across-the-pond expansion comes on the same day that the Los Gatos, Calif. based company is scheduled to release its third quarter earnings after a series of high profile blunders that includes an aborted plan to spin off Netflix's DVD by mail business. In the chaos that ensued, Netflix's stock lost more than half its value, plunging from a high of $300 in early July to $115 during recent trading. 

However, analysts are predicting that Netflix will show solid growth over its most recent period.

The company is expected to earn 96 cents per share, a jump of 37 percent from the same quarter last year, on revenue of $812.5 million, according to analysts polled by FactSet.

Key to returning to Wall Street's good graces will be a rapid international growth. The company added Canada in 2010 and rolled out in 43 countries across Latin America and the Caribbean in September 2011.