KQED Nightly Business Report July 19, 2016
Earnings that could change the tone of trading tomorrow. First, netflix which disappointed investors when it said not as many people as expected subscribe to the streaming service in the most recent quarter. Price hikes put off customers and contributed to the sharp slowdown in user growth. On the surface, numbers looked pr scene the. Revenue was inline with expectations and up about 28 from a year ago, it was that subscriber number that sent shares lower initially in after hours trading. Julia bore step has more on netflix results. The big surprise in netflix earnings. Disappointing subscribe...