Los Gatos, Calif. - Shares of online DVD rental service Netflix (NASD: NFLX) rose over 9% on Wednesday, as the company upped its first quarter and fiscal year 2008 earnings outlook, as well as its subscriber growth forecasts.

The company now expects to see first quarter income of 15-22 cents per share, up from an earlier forecast of 13-21 cents per share, and full-year revenue of $1.345 billion to $1.385 billion, up from $1.3 billion to $1.35 billion.

On the subscriber front, Netflix now expects to end the first quarter with 8.16 to 8.26 million subscribers, compared with an earlier projection of 7.85 million to 8.05 million.

The company raised its year-end subscriber forecast from 8.4-8.9 million to 8.9-9.5 million.

Related Links:
http://biz.yahoo.com/prnews/080227/aqw073.html?.v=37

http://www.netflix.com