Snap Inc. Announces Third Quarter 2021 Financial Results

Snap Inc (SNAP) PT Lowered to $80 at Goldman Sachs Following Earnings

October 22, 2021 6:32 AM EDT

Goldman Sachs analyst Eric Sheridan lowered the price target on Snap Inc (NYSE: SNAP) to $80.00 (from $90.00) while maintaining a Buy rating following disappointing earnings.

The analyst commented, "Snap's Q3 21 earnings report revolved around a set of near-term headwinds as it would appear the feared... More

Snap (SNAP) Plummeted 24% Following Q3 Results; Q4 Guidance Miss

October 21, 2021 5:11 PM EDT

Snap (NYSE: SNAP) shares were trading around 24% lower after-hours following the companys Q3 results, which included a miss on the top-line in the current quarter and a warning about future performance amid headwinds. The social media platform blamed changes to the iOS platform,... More

Snap (SNAP) Stock Just Crashed 25% Following Earnings, Analyst Reaction Mixed

October 21, 2021 4:36 PM EDT

Snap (NYSE: SNAP) stock is trading sharply lower after hours Thursday after the social media company reported mixed Q3 results and offered disappointing guidance.

Snap earned $0.17 per share to top the analyst estimate of $0.08. Sales for the quarter came in at $1.07 billion to miss on the consensus of $1.1 billion.

Sales grew 57% year-over-year thanks to 306 million active global users, higher than the 301.8 million expected from the Street. Finally, the average revenue per user (ARPU) came in at $3.49 vs. $3.67 consensus.

While we anticipated some degree of business disruption, the new Apple-provided... More

Twitter (TWTR), Facebook (FB) Pinterest (PINS) Lower After Snap (SNAP) Tanks on Disappointing Guidance

October 21, 2021 4:14 PM EDT

Twitter (NYSE: TWTR), Facebook (NASDAQ: FB) Pinterest (NYSE: PINS) Lower After Snap (NYSE: SNAP) Tanks on Disappointing Guidance

TWTR -6.5%FB -4%PINS -2%Alphabet (NASDAQ: GOOGL) -2%SNAP -25%
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Snap (SNAP) Tops Q3 EPS by 9c, Q4 Guidances Misses

October 21, 2021 4:11 PM EDT

Snap (NYSE: SNAP) reported Q3 EPS of $0.17, $0.09 better than the analyst estimate of $0.08. Revenue for the quarter came in at $1.07 billion versus the consensus estimate of $1.1 billion.

DAUs were 306 million in Q3 2021, an increase of 57 million, or 23%,... More