Snap Vanishing After Another Earnings Disaster, Now Down 90% in a Year, 30% in a Day

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  • #37329
    Truman
    Participant

    The negative disposition from the warning from Snap (SNAP) has weighed on investor sentiment from a broader standpoint and it has undercut a number of other social media stocks more directly that derive a large chunk of revenue from online advertising services.

    That includes names like Alphabet (GOOG), Meta Platforms (FB), Twitter (TWTR), and Pinterest (PINS).

    #46038
    TradersCom
    Keymaster

    More of the same in Q3 2022 release today:

    Snap Spews: Beats by $0.09, revs in-line
    BUT Q4 internal outlook for revs below consensus NOT providing formal Q4 guidance
    ARPU declines to $3.11
    Announce $500mln stock buyback
    $NAP $7.91
    ▼ 2.88 (-26.69%) After Hours
    ▼ -64.86 (-85.74%) Past Year

    #37316
    Super Harley
    Participant

    This story keeps repeating, U.S. social networking company Snap reports earnings, they miss, the stock gets drilled. SNAP traded down to $7.59 -3.19 o
    [See the full post at: Snap Vanishing After Another Earnings Disaster, Now Down 90% in a Year, 30% in a Day]

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