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Earnings Season: Mooers' Discussion
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Q3 Financial Reports of Tech Stocks Are Coming, Netflix and Snap Fluctuated Violently

Several technology companies have recently released their Q3 financial reports. Among them, $Netflix (NFLX.US)$ and $Snap Inc (SNAP.US)$ has caused widespread attention in the market. In the financial report, Netflix's revenue failed their expectations. The share price fell nearly 6% to $494.64 after hours. In sharp contrast to Netflix is Snap. Its financial report showed that an increase of 52% compared with the same period last year, and daily active users increased by 18%. Snap's stock rose by nearly 23% after hours. Many tech enterprises have benefited from the public health issue during the Q2 season. The coming Q3 financial report will prove whether the company can sustain the advantages of not.
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