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via finance.yahoo.comBusiness & Companies

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.…

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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
  1. 01EPS was 0.03 dollars versus 0.01 expected.
  2. 02Revenue was 1.72 billion versus 1.73 billion expected.
  3. 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

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.