Why Snap Inc. Fell 10% in November [The Motley Fool]
Snap Inc. Class A (SNAP)
Last snap inc. class a earnings: 4/21 04:10 pm
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Source: The Motley Fool
Mounting losses, a $40 million write-down, and slow user growth in the third quarter didn't help. Chris Neiger ( TMFNewsie ) Dec 12, 2017 at 9:16PM What happened Shares of Snap Inc. ( NYSE:SNAP ) tumbled 10.1% in November, according to data from S&P Global Market Intelligence , after the company reported disappointing earnings in the third quarter and took a writedown for unsold Spectacles inventory. So what Snap managed to increase its top line by 62% in the third quarter, to nearly $208 million and grew its daily active users to 178 million, up 17% from the year-ago quarter. But the company saw its net losses widen to $443 million, a further drop from a loss of $124 million in the third quarter of 2016. Analysts were expecting Snap to lose $0.33 per share, but Snap's earnings came in a bit lower at a loss of $0.36. Image source: Sn
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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