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…