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Netflix Inc. (NFLX) reported that its net income for the third quarter rose to $2.36 billion or $5.40 per share from $1.68 billion or

Netflix's stock is extending after-hours gains following earnings, though this share-price reaction still may not prove as dramatic as some past ones. The stock was seeing fractional gains in the extended session shortly after the release,

The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $5.09 per share. The internet video service posted revenue of $9.82 billion in the period, which also topped Street forecasts.