Tag: Snap

Snap stock tanks after forecast disappoints: Investor patience is ‘thinning’

Snap stock (SNAP) tanked on Wednesday, sinking more than 30% as investors digested another disappointing quarterly earnings report. The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to […]

Key fixes Snap needs to make to bounce back: Analyst

Snap Inc. (SNAP) is the latest company to announce layoffs, saying it will cut 10% of its global staff. The company plans to use the capital to invest in long-term growth plans. With stiff competition for ad revenue from Meta (META) and Pinterest (PINS) what must Snap do in order to succeed? Roth MKM Managing […]

Dow Jones Futures Rise; Snap Crashes Late But These Stocks Jump On Earnings

Dow Jones futures edged higher overnight, along with S&P 500 futures and Nasdaq futures. ELF Beauty (ELF), Chipotle Mexican Grill (CMG) and Snap (SNAP) headlined key earnings late. X The stock market rally saw slim to modest gains Tuesday, with the Nasdaq rallying to close fractionally higher. Palantir Technologies (PLTR), BellRing Brands (BRBR) and Varonis […]