Netflix underwhelmed Wall Street with its second-quarter earnings report, though engagement grew modestly.

Netflix is facing a host of challenges as it prepares to report its second-quarter results late Thursday. Netflix stock is in a slump.

LOS ANGELES, July 16 : Netflix offered third-quarter revenue and earnings projections on Thursday that hovered below Wall Street targets and said it would reduce the amount of…

Today's earnings were reported after the closing bell — and then the stock sunk some more.