Netflix reports mixed Q2 results, with revenue missing Street estimate but earnings beating it. Weak guidance for Q3 leads to 11.2% pre-market drop.

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…

LOS ANGELES, July 16 : Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut the frequency of viewing-hours…

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