The tech earnings went off with a bang this week starting with Netflix dropping more than 30% overnight! The big drop comes after Netflix reported a miss on the number of new subscribers for the previous quarter. It’s the first time the company has missed its consensus on subscriber numbers in over 10 years!
The following day, Tesla brought out a stellar report beating on both the top & bottom and the stock price gained around 5%. The question remains for next week when the big boys on the block release their earnings. Will the likes of Apple, Microsoft and Google release trump reports as Investors expect?