Advertisement
Canada markets open in 7 hours 4 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7331
    +0.0008 (+0.11%)
     

  • CRUDE OIL

    84.00
    +0.43 (+0.51%)
     

  • Bitcoin CAD

    87,897.66
    +198.95 (+0.23%)
     

  • CMC Crypto 200

    1,392.04
    -4.50 (-0.32%)
     

  • GOLD FUTURES

    2,350.40
    +7.90 (+0.34%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,768.00
    +200.50 (+1.14%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6829
    +0.0008 (+0.12%)
     

Snap Stock Got Crushed Again, but Here's Why I'm Still Holding

Jeremy Bowman, The Motley Fool
·3 min read
Snap Stock Got Crushed Again, but Here's Why I'm Still Holding

The social media company known for its disappearing messages got crushed again by a challenging ad market, and the stock fell by double digits on Wednesday. Revenue in the quarter was flat at $1.3 billion, which matched analyst estimates, and the company's adjusted earnings per share of $0.14 fell from $0.22 in the quarter a year ago -- though that still beat the consensus at $0.11. It lost $289 million on a GAAP basis, and the company continues to spend aggressively on share-based compensation, despite promises to reel it in.

Continue reading