Oh Snap! Revenue miss, not providing guidance. -25% down after hours
$SNAP Snap Q3 22 Earnings - Q3 Adj. EPS $0.08 (est -$0.02) - Q3 Revenue $1.13B (est $1.14B) - Q2 Daily Active Users 363M (est 359M) - Authorized Stock Buyback Of $500 Mln - Not Providing Guidance For Q4
I know a guy, higher up the food chain and left Snap late 2021, right at its stockās peakā¦ I almost joined a couple months before he left. Very wealthy man right now
RIP, but ya'll voted for this so meh.
tf you even talkin about
Meta and Google are next fuck us all
It is already getting priced in, both stocks are down as well.
The stock should have been down for the choice of the color scheme of their slideshows, let alone earnings. Dafuq?
Actually doesnāt even seem so bad at first pass. Over a $10 mil revenue miss?
+1. This company is in hyper growth category. They said no visibility + flat annual growth means no growth. But still, 20+% down how many quarters? Meta, Google ain't that safe but not as bad like this I guess.
Hmm.. maybe that was the case when it was at above $60 per share. Was that still the case at $10 a share? I just tried using itā¦ and content is pretty bad tho.
I mean, how do they even manage to do this? EVERY QUARTER? 20% down for each earning report? l am speechless...
Dint they do well - why stock down ? Because of lack of guidance ?
Yeah and no growth