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%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

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.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

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.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »