JUMP REPORT
SNAP (SNAP)
EARNINGS RELEASE - JULY 21 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.09/share REV: 438.09/M
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LAST QTR: EPS: -.07 /share ACTUAL: -.08 /share (MISS)
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NEXT QTR: EPS: -.05/share REV: 529.37/M
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FULL YR: EPS: -.08/Share REV: 2,130/M
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BEAT/MISS RECORD: 69% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 37.9, -15.12, -7.66
EXPECTED JUMP MOVE THIS QUARTER: 15%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
At its annual Snap Partner Summit on Tuesday, Snapchat announced that it’s introducing a new AI video-generation tool for creators. The tool will allow select creators to generate AI videos from text prompts and, soon, from image prompts. Snap says the tool will be available in beta on the web starting today for a small subset of creators. For now, Snap doesn’t have any plans to make Snap AI Video available to anyone beyond creators. While the company didn’t share any additional details about th
Snapchat is rolling out a simplified version of the app to some users, the company announced on Tuesday during its Snap Partner Summit, as part of a test to make the disappearing photo app easier to use. “Simple Snapchat” declutters the app’s home screen, removing the Snap Map and Stories tabs, and consolidates its navigation bar around three icons: chat on the left, camera in the middle, and Snapchat’s TikTok competitor, Spotlight, on the right. Stories and Snap Map are not going away entirely
Tech giants including Meta, Snap, Google and others are racing to build smart glasses. It could change our lives for the better or worse.
Snap announced an upgraded version of its Spectacles augmented-reality glasses on Tuesday, doubling down on its bet that wearable devices to enhance the view of the real world will be one of the next frontiers in tech. Snap, long known for its ephemeral messaging app Snapchat and animated filters, has been an early leader in augmented reality, which can overlay digital effects onto photos or videos of real-life surroundings through a camera or lens. The first edition of Spectacles launched in 2016, but the effort has not increased revenue for Snap, whose business relies on selling digital advertising.
Snapchat’s creator has a new version of its glasses, and a vision for more approachable augmented reality. But it’s still a preview, not a full-blown consumer product.
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Avg Daily Volume: 5,038,497 Market Cap: 102.74B
Sector: Technology Short Interest: 2.45
Ticker delayed 20 minutes
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