Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP) were taking a dive once again today as the Snapchat parent underwhelmed with its second-quarter earnings report and offered weak guidance for the third quarter.
The stock was down 19% as of 11:54 a.m. ET Wednesday on the news.
Revenue in the quarter fell 4% to $1.07 billion, topping estimates at $946.7 million, as the social media company continued to struggle with a weak digital advertising market even as its daily active user base increased 14% to 397 million.
Source Fool.com
Snap Inc Aktie
4,40 €
7,73 %
Snap Inc ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Snap Inc von 8 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 4.4 €.
