Netflix Inc., the online and mail-order video-rental service, surged the most in two years after reporting fourth-quarter profit that topped analysts’ estimates and forecasting improving margins in its streaming business.
Netflix signed 610,000 U.S. customers in the period to reach 24.4 million, according to a statement yesterday after the markets closed. Shares of the Los Gatos, California-based company rose 22 percent to $116.01 at 4 p.m. New York time, the biggest gain since Jan. 28, 2010.