Snap Inc. (SNAP)
Why Snap Stock Was Plunging Today
Snap essentially matched estimates, but it seems to be losing market share to competitors. The company sees growth continuing to slow in the third quarter.
Snap Stock Plummets on Revenue Miss, Weak Guidance
Shares of Snap (SNAP) plunged nearly 25% in early trading Friday after the social media company missed revenue estimates for the second quarter and offered lower-than-expected guidance, citing a weaker advertising environment.
SNAP Q2 Earnings Match Estimates, User Growth Drives Revenues
SNAP's second-quarter 2024 results reflect steady user growth and an increase in Snapchat+ users, driven by continued demand for Spotlight, Stories and AR Lens.
2 Stocks Under $20 in Focus Amid Market Selloff
Snap Inc (NYSE:SNAP) is down a 23.9% to trade at $9.74 at last check, after the social media company's outlook for the fiscal third quarter came in dramatically short of analysts' expectations.
These Analysts Cut Their Forecasts On Snap After Weak Sales
Snap Inc. SNAP reported worse-than-expected second-quarter revenue results on Thursday.
Snap shares plummet as weak outlook intensifies ad competition fears
Shares of Snap slumped 17% premarket on Friday, after a dour forecast from the Snapchat parent reinforced Wall Street's worries that the company would continue to cede business to bigger rivals amid intense competition in the advertising space.
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%.
