Snap Inc SNAP shares are trading marginally lower by 0.78% to $10.78 Thursday afternoon. Traders and investors are watching Snap shares in anticipation of the company's third-quarter earnings report, confirmed for today's after-hours session.
According to analyst consensus estimates, Snap is expected to report revenue of $1.12 billion on an EPS loss of 1 cent.
Snap Earnings Preview
The company shied away from giving guidance for the quarter when it reported its second-quarter results, citing uncertainties, but hinted revenue will likely be sequentially flat. Later, in late August, in an investor presentation, it said year-over-year revenue growth through Aug. 29 was at 8%.
Snap missed Street expectations in the previous two quarters, with the shares plunging about 40% following its second-quarter results...Read More
See Also: Why Verizon Shares Are Shooting Higher Following AT&T Earnings Results
According to data from Benzinga Pro, Snap has a 52-week high of $78.18 and a 52-week low of $9.34.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
