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Saturday January 26, 2013

Netflix impresses, shares jump 42%

LOS ANGELES: Netflix Inc impressed Wall Street with a surprisingly strong holiday quarter that eased near-term concerns about its costly international expansion and its movie and TV bill, sending its shares skyrocketing 42%.

Shares of Netflix rose US$43.60 to US$146.86 on Nasdaq on Thursday, their highest level since September 2011. Reuters

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