Radar Movers: Apple Tanks 10%, Netflix Surges 32%
Netflix (NASDAQ:NFLX) shares surged 32 percent in late afternoon trading. The media company reported a fourth quarter profit of $8 million (13 cents per share), down from $35 million (64 cents per share) a year earlier. However, Wall Street was expecting a loss of 13 cents per share. Netflix added nearly 10 million global streaming members last year and grew to over 33 million global streaming members.