Snap Q4 2023 Adj EPS $0.08 Beats $0.06 Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. (SNAP) reported Q4 2023 adjusted earnings per share (EPS) of $0.08, surpassing the consensus estimate of $0.06 by 33.33%. However, its quarterly sales of $1.36 billion fell short of the expected $1.38 billion by 1.03%, marking a 4.69% increase from the previous year.
February 06, 2024 | 9:11 pm
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Snap Inc. reported higher-than-expected Q4 2023 EPS but missed sales estimates, showing mixed financial performance.
While the beat on EPS is positive, the miss on sales forecasts could temper investor enthusiasm. The mixed results present a nuanced picture, likely leading to a neutral short-term impact on SNAP's stock price as investors weigh the positives against the negatives.
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