Snap Stock Sinks On Q2 Earnings: Revenue Miss, EPS In Line, DAUs Up 9% And More
Portfolio Pulse from Adam Eckert
Snap Inc (NYSE:SNAP) reported Q2 earnings with revenue missing estimates but EPS in line. DAUs grew 9% YoY. The company provided Q3 revenue guidance and expects DAUs to reach 441 million. Shares fell 17.64% after hours.
August 01, 2024 | 9:02 pm
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NEGATIVE IMPACT
Snap Inc reported Q2 earnings with revenue missing estimates but EPS in line. DAUs grew 9% YoY. The company provided Q3 revenue guidance and expects DAUs to reach 441 million. Shares fell 17.64% after hours.
Snap's Q2 revenue missed estimates, which is a negative indicator for investors. Although EPS was in line and DAUs grew, the market reacted negatively, causing a significant drop in share price. The provided Q3 guidance did not offset the negative sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100