Snap stock rises 8% after company beats earnings estimates [MarketWatch]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: MarketWatch
Snap stock rises 8% after earnings beat Snap Inc. SNAP, +0.54% shares rose roughly 8% in the extended session Tuesday after the company beat Wall Street expectations for the top and bottom line. The company reported second-quarter net losses of $353.3 million, or 27 cents a share, compared with losses of $443.1 million, or 36 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, losses were 14 cents a share, narrowing from adjusted losses of 16 cents a share in the year-earlier quarter. Revenue rose to $262.3 million from $181.7 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 17 cents a share on revenue of $249.5 million. For the third quarter, analysts model adjusted losses of 15 cents a share and revenue of $289 million. The company said it expects sales of $265 million to $290 million. Snap stock closed up less than 1% to $13.12 and has gained 22% in the past three months. The S&P 500 index SPX,
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SNAP
News
- Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030 [Yahoo! Finance]Yahoo! Finance
- Snap Announces Pricing of $650 Million Convertible Senior Notes Offering Due 2030Business Wire
- I followed Snap Inc. CEO Evan Spiegel's morning routine for a week. I finally understand the appeal of waking up early. [Business Insider]Business Insider
- Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030 [Yahoo! Finance]Yahoo! Finance
- Snap Announces Proposed Private Offering of $650 Million of Convertible Senior Notes Due 2030Business Wire
SNAP
Earnings
- 4/25/24 - Beat
SNAP
Sec Filings
- 5/2/24 - Form 4
- 5/1/24 - Form 4
- 5/1/24 - Form 4
- SNAP's page on the SEC website