Snap (SNAP) Plummeted 24% Following Q3 Results; Q4 Guidance Miss
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Snap Inc (SNAP) PT Lowered to $76 at Jefferies
October 22, 2021 8:15 AM EDTJefferies analyst Brent Thrill lowered the price target on Snap Inc (NYSE: SNAP) to $76.00 (from $90.00) while maintaining a Buy rating.
The analyst commented, "With the stock +51% YTD, investors will be disappointed with a 3% rev miss and Q4 rev guidance 13% below street. While... More
Snap Inc (SNAP) PT Lowered to $80 at Goldman Sachs Following Earnings
October 22, 2021 6:32 AM EDTGoldman 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) Stock Just Crashed 25% Following Earnings, Analyst Reaction Mixed
October 21, 2021 4:36 PM EDTSnap (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 EDTTwitter (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%... More
Snap shares plunge 25% as Apple privacy changes hit ads business
October 21, 2021 4:11 PM EDTBy Sheila Dang
(Reuters) -Shares of Snap Inc plummeted 25% on Thursday after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising.
The Santa Monica, California-based company, which earns the vast majority of its revenue from selling digital advertising on the app, said the issue was compounded by global supply chain disruptions and labor shortages and caused brands to pull back on their advertising spending.
The results for Snap, which is the first of the major social media... More
Snap (SNAP) Tops Q3 EPS by 9c, Q4 Guidances Misses
October 21, 2021 4:11 PM EDTSnap (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