los angeles july 19 reuters  netflix inc nflxo handily beat wall street earnings forecasts on wednesday as a passwordsharing crackdown and an adsuported option helped bring in 59 million new streaming subscribers in the justended quarter revenue came in slightly below analyst predictions for april through june as did netflixs projection for thirdquarter revenue the company said it expected revenue growth to accelerate in the second half of the year while we’ve made steady progress this year we have more work to do to reaccelerate our growth the company said in its quarterly letter to shareholders netflix reported diluted earningspershare of 329 for the second quarter ahead of the 286 consensus forecast of analysts surveyed by refinitiv its nearly 6 million subscriber additions outpaced the 19 million that wall street expected netflix has been looking for new ways to make money as streaming competition intensifies and it nears market saturation in the united states the company launched a cheaper tier with advertising last november and started asking password borrowers to pay in a widespread crackdown that rolled out in may quarterly revenue climbed 27 from a year earlier to 82 billion shy of analyst forecasts of 83 billion the company estimated thirdquarter revenue would hit 85 billion wall street had been forecasting 87 billion net income for the second quarter topped estimates at 15 billion the company like its competitors is grappling with strikes by tens of thousands of hollywood actors and writers the labor action has forced many film and television productions to shut down though analysts say netflix has an advantage because of its global production