Netflix investors late Wednesday cheered the company’s bigger-than-expected first-quarter subscriber gains, shrugging off declining earnings and negative cash flow as it invests heavily in international expansion. The online video service added 4.88 million new subscribers worldwide in the March quarter, bringing its total to 62.27 million. It previously forecast adding 4.05 million subscribers. Netflix (NFLX) earned 38 cents a
Intel late Tuesday reported mixed Q1 earnings as sluggish demand for personal computers offset robust sales of server chips and for the Internet of Things. Santa Clara, Calif.-based Intel, the No. 1 supplier of processor chips for PCs, reported earnings per share excluding items of 41 cents, up 8% from the year-earlier quarter. Revenue was flat at $12.8 billion, in line with Intel’s lowered revenue forecast. Analysts polled by
The tech Q1 earnings season begins Tuesday, with Wall Street cautious even though Q4 tech results easily trumped a less conservative outlook. As with Q4, concerns about the strong dollar and weakness in Europe are among the reasons 27 of the 66 tech companies in the S&P 500 issued negative guidance for the quarter, according to Thomson Reuters. Only five issued positive guidance. “Tech is less negative than the overall index, but