Jeff Reeves's Strength in Numbers: The outlook for Snap isn’t as gloomy as the stock market suggests [MarketWatch]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: MarketWatch
Opinion: The outlook for Snap isn’t as gloomy as the stock market suggests Snapchat’s parent company faces steep challenges, and disappointing earnings only underscore that. But investors are missing the bigger picture — this teen favorite isn’t going away. After the closing bell Tuesday, Snap Inc. SNAP, -19.29% reported a net loss of $443 million , worse than forecasts, on revenue of about $208 million that also fell short of expectations. The result was a deep selloff that pushed the company down as much as 20% after hours, and pushed shares down 50% or so since their March IPO. Yes, those deep losses are only getting deeper as the company spends on growth efforts. Pair that with a miss on Wall Street’s top-line target, and the picture is incredibly disturbing. We’ve seen this movie before, of course, with Twitter Inc. TWTR, +0.71% riding a string of disappointing reports and unprofitable quarters to similar trouble in the wake of its own public offering. Still, impatience and
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SNAP
News
- Snap Inc. (NYSE: SNAP) had its "neutral" rating re-affirmed by analysts at Roth Mkm. They now have a $14.00 price target on the stock.MarketBeat
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- Wall Street's Insights Into Key Metrics Ahead of Snap (SNAP) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- SNAP Gears Up to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
SNAP
Earnings
- 2/6/24 - Beat
SNAP
Sec Filings
- 4/18/24 - Form 4
- 4/18/24 - Form 10-Q
- 4/18/24 - Form 8-K
- SNAP's page on the SEC website