3 Ways Snap Stock Can Bounce Back
All good streaks must end, and for Snap, Inc. (NYSE: SNAP) shareholders, it seems as if a poorly received third-quarter report will end the stock's string of three consecutive winning months. Snapchat's parent company is moving lower on Wednesday, and while it's still well above its early August lows, this month's losses are taking a big bite out of the three months of gains.
It was a brutal report. Revenue climbed 62% to $207.9 million, but analysts were holding out for an 87% surge. Daily active users may have clocked in at 178 million -- up from 158 million a year earlier and 173 million for this year's second quarter -- but analysts were holding out for a tally closer to 181.8 million daily active users. Throw in a charge on unsold Spectacles inventory and more red ink, and even Tencent (NASDAQOTH: TCEHY) taking a 10% stake in Snap couldn't stop Wednesday's slide.
It doesn't have to be that way. Let's go over a few of the things that can turn things around for investors in the coming months.
Source: Fool.com
