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(Updates share price and adds details from conference call) DOW JONES NEWSWIRES Netflix Inc.'s (NFLX) second-quarter earnings climbed 22% on increased subscriber growth and higher gross margins.

But shares fell after-hours on concerns about future growth of its operating margin.

The company's shares gave back gains of up to 3% after executives said to expect operating margins to remain at 10% for the next few years.

The reason: Netflix plans to spend much more on licensing content to stream movies and TV shows on the Internet.

Netflix shares were recently trading down 26 cents at $46.20.

The company's stock is ...
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