Snap Q4 Sales $1.36B Miss $1.38B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. reported Q4 sales of $1.36 billion, missing the analyst consensus estimate of $1.38 billion by 1.03%. This represents a 4.69% increase over the same period last year.
February 06, 2024 | 9:10 pm
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Snap Inc. reported Q4 sales of $1.36 billion, missing estimates by 1.03% but showing a 4.69% increase from last year.
Missing the analyst consensus estimate, even by a small margin, can lead to negative investor sentiment in the short term. However, the year-over-year growth indicates underlying strength in the business, which might mitigate the negative impact slightly.
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