Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss
Snap Inc. (SNAP) stock fell 11.46% after hours on Wednesday, dropping to $5.24 from its $5.92 close. The Snapchat parent posted a profit and guided above estimates, but missed on revenue and daily users. The after-hours slide erased a 5.81% gain from the regular session, when shares rose from a $5.60 previous close. Follow us The post Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss appeared first on BeInCrypto.
Key Takeaways
- (SNAP) stock fell 11.46% after hours on Wednesday, dropping to $5.24 from its $5.92 close.
- The Snapchat parent posted a profit and guided above estimates, but missed on revenue and daily users.
- The after-hours slide erased a 5.81% gain from the regular session, when shares rose from a $5.60 previous close.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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