Oct
15
Netflix earnings will test waters for tech giants after sell-off
Posted in: Uncategorized
Beleaguered technology investors are looking to Netflix to stop the bleeding.
The company’s earnings are poised to be even more closely watched than usual on Tuesday after last week’s market rout. Netflix is one of the first major U.S. companies to report third-quarter results — and 2018’s best-performing FAANG stock — making it especially influential in the wake of a drubbing that hit the tech giants hard.
“Trends at Netflix, whether above or below expectations, will set the tone,” MKM Partners analyst Rob Sanderson said in a note.
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