Snap earnings: profit beats but revenue slightly misses, stock falls sharply
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Snap Inc (SNAP) beat on profit and missed on the top line, and the market focused on the miss. The stock was at $5.01 (-15.46%) as of Nov 5, 1:24 PM EST. That is worse than the roughly 10% pre-market drop. It is -39.3% YTD, and its 52-week range is $3.81–$9.13.…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock fell about 15% on sharp ad revenue slowdown and DAU below estimates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01EPS was 0.03 dollars versus 0.01 expected.
- 02Revenue was 1.72 billion versus 1.73 billion expected.
- 03Ad revenue growth slowed to 4% year over year from 9% in Q2.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets