Snap Inc Says Due To Unpredictable Nature Of War In Middle East, Believe It Would Be Imprudent To Provide Formal Guidance For Q4
Portfolio Pulse from Benzinga Newsdesk
Snap Inc has announced that it will not provide formal guidance for Q4 due to the unpredictable nature of the war in the Middle East.

October 24, 2023 | 8:14 pm
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Snap Inc's decision to not provide Q4 guidance due to the Middle East conflict may cause uncertainty among investors, potentially affecting the stock price.
Companies typically provide quarterly guidance to give investors an idea of what to expect in terms of financial performance. Snap Inc's decision to not provide this guidance due to the unpredictable nature of the Middle East conflict introduces uncertainty. This could lead to increased volatility in the stock's price as investors react to this lack of information.
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