NEW YORK -Netflix Inc the company which offers subscription services and streaming movies and television episodes over the Internet to more than 15 million subscribers reported net income of $38.0 million or $0.70 per share. This was 26% higher than in Q3 2009. Revenue increased by 31% to $553.2 million from $423.1 million in 2009. The company increased its net income estimates for Q4 to $40 million. The company also raised its guidance for fiscal 2010 to $146 to $154 million. The shares soared nearly 13% as investors saw the company grow its revenues faster than expected.
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