Snap to report first-quarter earnings after the bell

Snap, the maker of Snapchat, is expected to report its first-quarter earnings after bell on Tuesday. Investors will be looking for signs that last quarter's user growth was no fluke.Last quarter, Snap delivered a pleasant surprise to investors when it showed renewed growth after its user based had begun to shrink in 2018. Now, investors will be looking for signs that last quarter was no fluke.

Snap's share price is up more than 100% year-to-date after a fast start in 2019. Besides re-surging user growth, Snap has announced a new gaming platform, new original shows, an ad network and more augmented reality features. Snap competitor Twitter had a strong earnings report earlier in the day on Tuesday, with better-than-expected earnings and user growth sending the stock up more than 15%.WATCH: Facebook, Snapchat and TikTok have a massive underage user problem — here's why it matters

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Snap could see a 15% move when it reports earnings, traders sayThe options market implies a post-earnings move of 15% in either direction for the social media giant's stock, and trader Dan Nathan sees more potential risk than reward. OptionsAction buy buy buy up to 20!! j/k this is a dog!!!! OptionsAction This POS is selling off to $7.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »