Netflix Skyrocketing After Earnings (NFLX)

Netflix, Inc. NFLX reported fourth quarter earnings that were better than expected, and the stock is flying higher on the back of a stronger than expected guidance, as well as reaching the 20 million subscriber mark. For the fourth quarter, Netflix reported earnings of 87 cents per share on revenues of $596 million. Wall Street had been expecting 71 cents per share on revenues of $597.49 million. Netflix added 3.08 million subscribers in the quarter, bringing it over the 20 million mark for the first time in the company's history. The company said it sees first quarter earnings of 90 cents to $1.13, versus Wall Street estimates of 87 cents per share. Here is the link to the full fourth quarter earnings result from the company. At last check, shares were skyrocketing in after-hours, gaining $13.31 to $196.34, a gain of over 7%.