Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss

Share

Snap Inc. (SNAP) shares fell 11.46% after hours on Wednesday, dropping from $5.92 to $5.24. The company reported a profit and issued guidance above consensus estimates. However, its revenue and daily user numbers fell short of expectations, erasing the 5.81% gain recorded during the regular session, when the shares rose from a previous close of $5.60.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items