Snap Q2 2024 Adj. EPS $0.02, Inline, Sales $1.24B Miss $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. reported its Q2 2024 earnings with an adjusted EPS of $0.02, which was in line with expectations. However, the company missed its sales estimate, reporting $1.24 billion in revenue compared to the expected $1.25 billion.
August 01, 2024 | 8:18 pm
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Snap Inc. reported Q2 2024 earnings with an adjusted EPS of $0.02, meeting expectations. However, the company missed its sales estimate, reporting $1.24 billion in revenue compared to the expected $1.25 billion.
While Snap Inc. met its EPS expectations, the miss on sales could indicate potential issues in revenue growth, which may negatively impact investor sentiment and short-term stock price.
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