Previous Close | 9.96 |
Open | 12.85 |
Bid | 13.78 x 0 |
Ask | 13.82 x 0 |
Day's Range | 12.85 - 13.71 |
52 Week Range | 7.20 - 16.26 |
Volume | |
Avg. Volume | 940 |
Market Cap | 24.204B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Snap Inc. (SNAP) shares are surging during Friday's trading session, propelled by first quarter results that surpassed revenue expectations for the company. The social media platform reported a 21% year-over-year increase in revenue for the quarter, fueling the stock's trading activity. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
All three of the major indexes (^DJI,^GSPC, ^IXIC) are jumping on better-than-expected quarterly results from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). The earnings are providing evidence to investors that artificial intelligence is more than hype; there is a lot of cash being spent on the tech. Wall Street is also digesting another inflation report. The core March Personal Consumption Expenditures reading was slightly hotter than expected, but not enough to deter expectations that the Federal Reserve will eventually cut rates. Trending tickers on Yahoo Finance include Intel (INTC), Snap (SNAP), AbbVie (ABBV). Top guests today include: 3:15 p.m. ET - Daniel Yergin, S&P Global Vice Chairman 3:45 p.m. ET - Peter Arment, Baird Senior Analyst and Tony Bancroft, Gabelli Funds Portfolio Manager 4:25 p.m. ET - Robert D'Loren, Xcel CEO 4:35 p.m. ET - Mike Brown, Travel + Leisure CEO
Shares of social network Snapchat (NYSE: SNAP) jumped 27.5% in the afternoon session after the company reported first-quarter results with revenue beating expectations, driven by better-than-expected daily active users. Its revenue growth and higher operational efficiency also enabled it to post positive EBITDA and free cash flow, beating Wall Street's pessimistic estimates.