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
Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that emerged during second-quarter results over the past week. The companies are vying for a piece of the so-called social commerce industry, which relies on users’ ability to discover and buy products through social media apps and is expected to balloon to $50 billion from $36 billion in annual sales by 2023 in the United States according to research firm eMarketer.
(Bloomberg) — Facebook Inc. reported higher second-quarter sales and profit but struck a cautious tone looking ahead, saying growth could stall as Apple Inc.’s new rules pinch data collection on mobile devices and as pandemic-fueled advertising gains subside.The social media giant said it faces “ad targeting headwinds in 2021 from regulatory and platform changes,” sending the shares down as much as 5.2% in extended trading.The warning came as the company reported quarterly sales climbed 56% to
Santosh Rao, Manhattan Venture Partners Head of Research, joined Yahoo Finance to discuss Facebook’s latest earning results.
Options activity after earnings suggest that traders are still pessimistic about SNAP’s share price, even after results exceeded estimates.
(Bloomberg) — Google delivered turbocharged sales growth in the past quarter, underscoring its status as the world’s most potent advertising engine. The internet giant took advantage of an uneven pandemic reopening, catering to homebound users spending more time on screens as well as consumers venturing out to shop and travel.Second-quarter sales for Alphabet Inc., Google’s parent, surged past Wall Street estimates, due to a swell of ads from retail marketers eager to encourage consumer spendin
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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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