Previous close | 15.17 |
Open | 15.57 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 15.49 - 15.94 |
52-week range | 7.33 - 15.94 |
Volume | |
Avg. volume | 166,853 |
Market cap | N/A |
Beta (5Y monthly) | 1.13 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | 23 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
The busiest two weeks of first quarter earnings season are over. Here are the most significant reports.
Snap Inc. (SNAP) shares are surging during Friday's trading session, propelled by first quarter results that surpassed revenue expectations for the company. The social media platform reported a 21% year-over-year increase in revenue for the quarter, fueling the stock's trading activity. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
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.