Snap Q3 Adj. EPS $0.02 Beats $(0.04) Estimate, Sales $1.19B Beat $1.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap reported Q3 earnings of $0.02 per share, beating the analyst consensus estimate of $(0.04) by 150 percent. This is a 75 percent decrease from the same period last year. The company also reported quarterly sales of $1.19 billion, beating the analyst consensus estimate of $1.11 billion by 7.12 percent, a 5.41 percent increase from the same period last year.
October 24, 2023 | 8:11 pm
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Snap's Q3 earnings and sales beat analyst estimates, despite a decrease in earnings compared to the same period last year.
Snap's Q3 earnings and sales exceeded analyst estimates, which is generally a positive signal for the stock. However, the decrease in earnings compared to the same period last year might temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100