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Netflix hits $100 billion market cap after fourth-quarter results

Investors sent Netflix Inc. stock on a rampage after hours Monday, pushing shares up nearly 10% and tacking on enough value to propel the company to a $100 billion valuation by market capitalization following its fourth-quarter results.

Netflix beat revenue expectations by just under $10 million, logging earnings exactly where Wall Street predicted: 41 cents a share. But the company blew net subscription additions out of the water, logging 8.3 million new net subscribers, a 18% gain over the same period last year, well above the company’s forecast of 6.3 million. It also handily beat the analyst consensus forecast of 6.37 million, according to FactSet.

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