Netflix Inc. Lower Despite Q4 Beat

Netflix Inc. NFLX shares are trading lower by $6 at $101.89 in Wednesday's session. After the close on Tuesday, the company reported a Q4 beat of a nickel on slightly lower revenues. Despite soaring as high as $123.04 in after-hours, the issue peaked early in the session at $109.49 and tanked with the broad market. At this time, it has found intraday support just under it January 14 low ($101.21), reaching $101.01. So far, the rebound off that low was capped at $103.19.