Netflix (NFLX) reported Q2 FY 2018 earnings of $0.85 per share (versus $0.15 in Q2 FY 2017), beating analysts' consensus estimate of $0.79.

The company's quarterly revenues amounted to $3.907 bln (+40.3% y/y), generally in-line with analysts' consensus estimate of $3.938 bln.

The report also revealed Netflix missed its Q2 subscriber addition guidance. "This Q2, we over-forecasted global net additions which amounted to 5.2 mln versus a forecast of 6.2 mln and flat compared to Q2 a year ago, as acquisition growth was slightly lower than we projected," it said in the report.

The company issued downside guidance for Q3, projecting EPS of $0.68 versus (analysts' consensus estimate of $0.71), revenues of $3.988 bln (versus analysts' consensus estimate of $4.12 bln) and global net adds of 5.0 mln (versus ~5.6 mln estimates).