Netflix stock hits record after fourth-quarter results

Netflix Inc. shares jumped in the extended session Monday after the company beat revenue expectations. Netflix shares hit a record after hours, rising 8% to $245.50. The company reported fourth-quarter net income of $185.5 million, or 41 cents a share, compared with $67 million, or 15 cents a share, in the year-ago period. Revenue rose to $3.29 billion from $2.48 billion in the year-ago period. Analysts surveyed by FactSet had estimated 41 cents a share on revenue of $3.28 billion. For the first quarter, analysts model earnings of 54 cents a share on revenue of $3.49 billion. Netflix stock has gained 63% in the past 12 months, with the S&P 500 index rising 24%.

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