Snap Inc. Reports Second Quarter 2018 Results
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Morgan Stanley Reiterates Underweight on Snap (SNAP) Following 2Q
August 8, 2018 8:02 AM EDTMorgan Stanley reiterated an Underweight rating and $7.50 price target on Snap Inc (NYSE: SNAP) following the company's 2Q earnings report. 2Q revenue and EBITDA were better than feared, but 2Q user declines expected to continue in 3Q highlight still-existing platform... More
Snap Inc (SNAP) PT Raised to $13 at Deutsche Bank; More Positive on Monetization Side
August 8, 2018 7:25 AM EDTDeutsche Bank raised its price target on Snap Inc (NYSE: SNAP) to $13.00 (from $12.00) while maintaining a Hold rating.
Analyst Lloyd Walmsley commented, "Snap reported mixed 2Q results directionally in line with our preview (soft on DAUs but with an improving monetization outlook). While we expected DAUs to go negative Q/Q in the... More
Nomura/Instinet Remains Sidelined on Snap (SNAP) Following 2Q
August 8, 2018 7:22 AM EDTNomura/Instinet reiterated a Neutral rating and $13.00 price target on Snap Inc (NYSE: SNAP) following the company's 2Q earnings report. Results were better despite declining DAUs, and analyst Mark Kelley thought the commentary around the Android rebuild indicated that there might... More
Snap (SNAP) Tops Q2 EPS by 3c, Q3 Revenue Falls Short of Views at Mid-point
August 7, 2018 4:12 PM EDTSnap (NYSE: SNAP) reported Q2 EPS of ($0.14), $0.03 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $262.26 million versus the consensus estimate of $251.19 million.
GUIDANCE:
Snap sees Q3 2018 revenue of $265-290 million, versus the consensus of $290 million.
Business... More
