Snap Inc. (SNAP)
Snapchat gains users but continues to lose money
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat.
Snap stock crackles under pressure of weak guidance
Social media company Snap Inc (NYSE:SNAP)'s shares bombed in after-hours trading following the Snapchat developer's second-quarter earnings print. This is despite Snap hitting or exceeding its previously laid-out metrics.
Snap Inc. (SNAP) Q2 2024 Earnings Call Transcript
Snap Inc. (NYSE:SNAP ) Q2 2024 Earnings Conference Call August 1, 2024 5:30 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Kenneth Gawrelski - Wells Fargo Daniel Salmon - New Street Research Richard Greenfield - Lightshed Partners Eric Sheridan - Goldman Sachs Operator Good afternoon, everyone, and welcome to Snap Incorporated's Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Snap (SNAP) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Snap (SNAP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Snap (SNAP) Q2 Earnings Match Estimates
Snap (SNAP) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.
Snap Shares Plunge As Q2 Earnings, Outlook Disappoint
Shares of Snapchat parent Snap fell sharply after market as earnings for the June quarter fell short of Wall Street estimates. Revenue of $1.24 billion was up 16% from the year earlier quarter, but below expectations. Losses narrowed to $249 million from $377 million. Daily active users of 432 million were up 9%.
Snap shares plunge over 20% on weak guidance
Snap said that third-quarter revenue guidance will fall in the range of $1.335 billion to $1.375 billion. Analysts were expecting $1.36 billion.
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Snap (SNAP) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Snap (SNAP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Snap (SNAP) Stock Sinks As Market Gains: Here's Why
In the closing of the recent trading day, Snap (SNAP) stood at $13.33, denoting a -0.89% change from the preceding trading day.
Snap (SNAP) Declines More Than Market: Some Information for Investors
In the closing of the recent trading day, Snap (SNAP) stood at $13.45, denoting a -0.96% change from the preceding trading day.
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