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APR 23, 2013 - MarketWatch

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Netflix jumps 24% in premarket post results

MADRID (MarketWatch) -- Shares of Netflix Inc. surged 24% in premarket trading on Tuesday after the company swung to a first-quarter profit and posted better-than-expected gains in its streaming-subscriber base a day prior. The company said results were helped by an positive response to its strategy of original content and its "House of Cards" series. Cantor Fitzgerald raised its Netflix target to $230 from $180. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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