Snap Sees Q3 2024 Revenue $1.335B-$1.375B Vs $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. has projected its Q3 2024 revenue to be between $1.335 billion and $1.375 billion, surpassing the estimated $1.25 billion.
August 01, 2024 | 9:46 pm
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Snap Inc. has projected its Q3 2024 revenue to be between $1.335 billion and $1.375 billion, surpassing the estimated $1.25 billion. This positive revenue outlook is likely to boost investor confidence and drive the stock price up in the short term.
The revenue projection surpasses market expectations, indicating strong business performance. This is likely to result in a positive market reaction and an increase in Snap's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100