Shares of Netflix Inc. (NASDAQ: NFLX) surged in
trading on Wednesday after the Los Gatos, California-based company announced
Internet streaming results for the fourth quarter of 2011. The company
announced that members instantly watched over two billion hours of TV shows and
movies streaming from Netflix in the fourth quarter of 2011.
Netflix shares rose to an intra-day high of $80.97
on Wednesday before finishing the day 11.36% higher on above average volume.
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