Netflix Surges on Better Than Expected Earnings

Netflix (NASDAQ: NFLX) released its fourth-quarter earnings results on Wednesday after the closing bell. The company reported earnings per share of $0.73 which easily exceeded Wall Street analysts' consensus EPS estimates of $0.55.

On the revenue front, NFLX reported sales of $876 million versus consensus estimates of $858 million. At last check, NFLX was up roughly 10% to $104.41 after gaining as much as 15% immediately following the earnings release.