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MARKET MOVERS

Netflix shares soar on good earnings news

Netflix is expanding digital offerings so users can stream movies through Web-enabled devices such as game consoles and the iPad. Netflix is expanding digital offerings so users can stream movies through Web-enabled devices such as game consoles and the iPad. (Paul Sakuma/Associated Press)
April 25, 2010

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Netflix Inc. surged after posting a 44 percent increase in quarterly profit and Citigroup Inc. recommended buying the stock. Also, at least six analysts boosted their forecasts for the shares. Net income advanced to $32.3 million, or 59 cents a share, from $22.4 million, or 37 cents, a year ago. Analysts forecast 54 cents a share. Sales rose 25 percent ... (Full article: 75 words)

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