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Netflix posts higher Q2 results but shares drop due to lukewarm forecast

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected. ”But the company's shares declined sharply in after-hours trading as the video streaming company's forecast for the current quarter fell below Wall Street's expectations. Netflix earned $3. 4 billion, or 80 cents per share, in the March-June period. That's up 9% from $3. 13 billion, or 72 cents per share, in the same period a year earlier. Revenue...

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