Spreadex Market Update
Asian shares take a blow
Netflix shares have soared past the $200 price for the first time since 2011 after reporting on robust first quarter earnings. Netflix point to the success of its first original series, house of cards and have confirmed that they have more subscribers than HBO in the U.S. First quarter earnings showed a $3million profit versus a $5million loss last year.
ARM Holdings, the British chip designer have well surpassed first-quarter forecasts, reporting a 44 percent jump in adjusted pre-tax profit at £89.4million. Originally forecast to be £77.6million, profits were boosted by strength in the dollar and considerable demand for smartphone and tablets that use its processor technology.
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