Recent technology sector earnings have been a mixed bag. Early in the week, Facebook posted a revenue increase but an earnings decline. Later, LG Display, Ericsson, Sprint, and Netflix all posted losses, while Apple, SAP, and LG Electronics saw profits rise in the first quarter.
A rough global economic climate was blamed for many of the disappointing earnings, yet many companies that reported declines remained optimistic about the future.
Facebook, for example, said the loss was due to hiring and technical infrastructure expansion, as well as a drop in ad revenue.