Snap Q3 2024 Adj. EPS $0.08 Beats $0.05 Estimate, Sales $1.373M Miss $1.358B Estimate
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. reported Q3 2024 earnings per share of $0.08, surpassing the expected $0.05, but its sales of $1.373 million fell short of the $1.358 billion estimate. This represents a significant decrease from the $1.189 billion in sales during the same period last year.
October 29, 2024 | 8:11 pm
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Snap Inc. reported better-than-expected EPS for Q3 2024 at $0.08, but sales significantly missed expectations, coming in at $1.373 million compared to the $1.358 billion estimate. This marks a drastic decline from last year's sales of $1.189 billion.
While Snap's EPS exceeded expectations, the significant miss in sales figures and the drastic year-over-year decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term.
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