Snap stock soars after Q2 forecast tops estimates
Snap Inc. (SNAP) delivered a strong performance in the first quarter, 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.
Third Bridge Global Sector Lead for Technology, Media, and Telecom Scott Kessler joins Yahoo Finance to provide better insight into Snap's results. Snap shares are blasting off in Thursday after-hours trading.
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.
Kessler highlights Snap's efforts to grow its user base "outside of developed markets" as another strategic priority. However, he notes that these markets are "much harder to monetize," describing the challenge as "not an easy nut to crack."
Nonetheless, Kessler remains optimistic, finding that investors "should feel pretty good about the performance and the outlook."
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Видео Snap stock soars after Q2 forecast tops estimates канала Yahoo Finance
Third Bridge Global Sector Lead for Technology, Media, and Telecom Scott Kessler joins Yahoo Finance to provide better insight into Snap's results. Snap shares are blasting off in Thursday after-hours trading.
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.
Kessler highlights Snap's efforts to grow its user base "outside of developed markets" as another strategic priority. However, he notes that these markets are "much harder to monetize," describing the challenge as "not an easy nut to crack."
Nonetheless, Kessler remains optimistic, finding that investors "should feel pretty good about the performance and the outlook."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Видео Snap stock soars after Q2 forecast tops estimates канала Yahoo Finance
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