UNP, McDonald's Reports; Netflix Surges $50/Share -- Up More Than 15%

On a day when the market sees a triple-digit "plunge," Netflix advances more than 15%, up more than $50/share.  At one time, earlier today, it was up $63, almost 20%.

On the other hand, the market "plunges" 145 points and the pundits say it is due to poor earnings reports like McDonald's. Okay:

McDonald's beats by $0.01, reports revs in-line

: Reports Q4 (Dec) earnings of $1.40 per share, $0.01 better than the Capital IQ Consensus Estimate of $1.39; revenues rose 2.0% year/year to $7.09 bln vs the $7.11 bln consensus.  Believe what you want, but the market does not "plunge" 145 points because McDonald's beats by one penny. Perhaps it's the jobs report. The Obama administration: one big fail.

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Reminder: earnings are tracked here; and this week's earnings reports of interest are tracked here.  
Union Pacific beats by $0.06, beats on revs: Reports Q4 (Dec) earnings of $2.55 per share, $0.06 better than the Capital IQ Consensus Estimate of $2.49; revenues rose 7.2% year/year to $5.63 bln vs the $5.57 bln consensus.

"For the first time in six quarters, we reported overall volume growth, despite significantly weaker coal shipments.  It highlights the strength of our diverse franchise, the extensive network reach we have to various markets, and a strong grain harvest. Volume growth, combined with solid core pricing gains and our continued focus on safety, service, and efficiency, generated a record fourth quarter operating ratio of 65.0 percent.  The fourth quarter wrapped up another tremendous year for Union Pacific, with our overall financial performance exceeding all previous milestones."