Netflix Shares Up On Earnings Beat; Company Predicts 'modest' Q1

Netflix Inc. shares jumped late Tuesday after the streaming company beat Wall Street earnings expectations. Netflix said it earned $43 million, or 10 cents a share, in the fourth quarter, compared with $83 million, or 19 cents a share, in the year-ago period. Revenue hit $1.82 billion in the quarter, compared with $1.48 billion a year ago. Analysts polled by FactSet had expected the Internet streaming company to report earnings of 2 cents a share on sales of $1.83 billion. The company said it ended 2015 with a net addition of 17 million members, just shy of 75 million members by the end of the quarter. It predicted it will grow by more than 6 million users in the first quarter given its international expansion. It also predicted "modest" operating income results for the current quarter as it invests in its overseas business. Shares of Netflix rose 8.3% in late trading Tuesday after ending the regular session up 3.7%.