Explore the latest developments concerning Snap Earnings Are.
Snap Earnings: What To Look For From SNAP
Social network Snapchat (NYSE: SNAP) will be announcing earnings results this Wednesday after the bell. Here’s what you need to know.
Snap beat analysts’ revenue expectations by 1% last quarter, reporting revenues of $1.51 billion, up 9.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a narrow beat of analysts’ revenue estimates. It reported 477 million daily active users, up 7.7% year on year.
Is Snap a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Snap’s revenue to grow 9.2% year on year to $1.70 billion, slowing from the 14.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
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