Snap Down on Another Weak Quarter
Snap (NYSE: SNAP) reported earnings last week, and shares fell yet again. In this episode of Industry Focus: Tech, analyst Dylan Lewis and senior tech specialist Evan Niu, CFA, dive into the report to explain what went wrong, why the market is backing away from the company, and a few potential bright spots in an otherwise uncertain-looking long-term future for the Snapchat operator.
Find out what it means for the company that their head engineer has decided to leave, how Snap's Spectacles business is doing and what that says about CEO Evan Spiegel's management, why market estimates for Snap vary so widely every quarter, and more.
A full transcript follows the video.
Source: Fool.com
