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via cnbc.comBusiness & Companies

Snap shares fall over 10% on third-quarter earnings miss

FROM THE WIRE · CNBC.COM

Snap shares sank over 10% after the company missed on revenue and daily active users in its third-quarter earnings report Wednesday. The Snapchat parent said fourth-quarter revenue should come in between $1.95 billion and $1.99 billion.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA sharp drop at a mid-cap social platform is relevant for the social media sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Snap missed estimates on revenue and daily active users in the third quarter.
  2. 02The stock fell over 10% after the results.
  3. 03Fourth-quarter revenue is expected between $1.95 billion and $1.99 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Snap Inc.SNAPStock5.92 USDMarket closedtoday +5.90%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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