News Formal

Snap plunges after its earnings beat as analysts say it's going to take longer to get profitable

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Snap fell Wednesday after beating analyst estimates for its first quarter of 2019 as analysts anticipate and longer path to profitability.

Snap was down more than 6% Wednesday morning after an initial after hours rally on its earnings beat. The drop shaved more than $900 million from its market cap, bringing it just below $15 billion, though the stock is still up more than 104% in 2019.

But the surge began to fade to just about a 1% bump after hours as investors continued to read through the report and listened to Snap's earnings call. "While we are impressed with Snap's user and revenue growth, the company's road to profitability appears to have gotten longer," Wedbush Securities analysts wrote in a note Wednesday, maintaining their neutral rating with a 12-month price target of $12.25.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

I did not bet on it BMC. The option premium costs 10% of share price. The call and put cost 90c to a dollar.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Snap rally fades after earnings beatSnap shares soared in after-hours trading on Tuesday after the company lowered losses, beat on revenue and continued growing its user base.
ソース: CNBC - 🏆 12. / 72 続きを読む »