Snap's Q1 earnings beat fueled by ad tech revamp: Analyst

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 45 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Telecom Scott Kessler Notícia

Snap

Snap Inc. (SNAP) delivered a strong performance in the first quarter, surpassing earnings estimates on both the top and bottom lines. The company reported...

surpassing earnings estimates on both the top and bottom lines. The company reported adjusted earnings of $0.03 per share, beating analyst expectations of a $0.05 per share loss. Additionally, Snap's revenue came in at $1.19 billion, topping the $1.12 billion estimate.

Kessler characterizes Snap's first quarter as"a rollercoaster," acknowledging that while the stock is up,"there's been a lot of volatility" to the downside. He attributes the company's success to its focus on"rearchitecting their advertising technology infrastructure," enabling them to effectively monetize e-commerce opportunities.

Three top executives at Tesla have resigned in two weeks, with the latest departure at the end of its earnings callIt paid off nicely to dump stocks nearly a year before the dot-com and housing bubbles burst, B. Riley's Paul Dietrich said.The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.Energy prices have soared higher than expected. That is a big plus for Canadian energy stocks.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Drug company Apotex signs deal to buy Montreal-based Searchlight PharmaDrug company Apotex Inc. has signed a deal to buy Searchlight Pharma Inc.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »