Avg Daily Volume: 25,754,299 Market Cap: 18.59B
Sector: None Short Interest: None
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.10/share REV: 359.5/M
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LAST QTR: EPS: -.12/share ACTUAL: -.10/share (BEAT)
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NEXT QTR: EPS: -.08/share REV: 402.19/M
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FULL YR: EPS: -.30/share REV: 1,600/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 78% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -7.75, 29.11, -17.45
POTENTIAL JUMP MOVE: 15%
Links To Latest News and Headlines
SNAP earnings call for the period ending March 31, 2024.
Alphabet, the parent company of Google, bounced back from an absolutely dreadful day for tech shares, as its stock surged Thursday after the closing bell. All it had to do was to hand out billions of dollars to investors.
YouTube may be figuring out how to sell YouTube Shorts to advertisers. Plus, Snap keeps reeling in paid subscribers.
(Bloomberg) — Snap Inc. offered positive signs that its efforts to revamp its digital advertising business are gaining popularity with marketers — boosting revenue and providing stronger competition with powerhouses Google and Meta Platforms Inc. The shares surged more than 20% in extended trading.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Gl
Snap Inc. (SNAP) delivered a strong performance in the first quarter, surpassing earnings estimates on both the top and bottom lines. The company reported adjusted earnings of $0.03 per share, beating analyst expectations of a $0.05 per share loss. Additionally, Snap’s revenue came in at $1.19 billion, topping the $1.12 billion estimate. Third Bridge Global Sector Lead for Technology, Media, and Telecom Scott Kessler joins Yahoo Finance to provide better insight into Snap’s results. Snap shares are blasting off in Thursday after-hours trading. Kessler characterizes Snap’s first quarter as “a rollercoaster,” acknowledging that while the stock is up, “there’s been a lot of volatility” to the downside. He attributes the company’s success to its focus on “rearchitecting their advertising technology infrastructure,” enabling them to effectively monetize e-commerce opportunities. Kessler highlights Snap’s efforts to grow its user base “outside of developed markets” as another strategic priority. However, he notes that these markets are “much harder to monetize,” describing the challenge as “not an easy nut to crack.” Nonetheless, Kessler remains optimistic, finding that investors “should feel pretty good about the performance and the outlook.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith.
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