Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Snap Obliterates Analyst Estimates

TheMotleyFool

0 0

Snap (NYSE: SNAP) joined Twitter Thursday afternoon with results that blew past analyst estimates. Both companies also provided strong guidance. Digital advertising, it seems, is making quite the rebound.

Snap's results, however, were particularly impressive. The parent company of social network Snapchat saw triple-digit revenue growth, beating the consensus analyst estimate by 16%. But this growth rate was helped by an easy comparison in the year-ago period, when the pandemic caused marketers to reduce or even pause their ad spend.

Here's a closer look at some of the key takeaways from the quarter.

Source Fool.com

Like: 0

SNAP

Share