SNAP Jun 2024 8.000 put
| Previous Close | 0.2900 |
| Open | 0.3400 |
| Bid | 0.2700 |
| Ask | 0.3000 |
| Strike | 8.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 0.2500 - 0.3600 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 15.65k |
- Yahoo Finance Video
Snap's Q1 earnings beat fueled by ad tech revamp: Analyst
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." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith.
- Yahoo Finance Video
Snap stock surges on positive Q2 forecast
Shares of Snap (SNAP) are surging in after-hours trading. The company reported its first quarter results, revealing a revenue of $1.19 billion for the quarter, a gain of 21% year-over-year, versus an estimated $1.12 billion. Adjusted earnings per share of $0.03 was much better than the $0.05 loss Wall Street was expecting. The company also reported a total of 422 million active daily users for the quarter, a 10% gain year-over-year. In addition, Snap posted an upbeat forecast for the second quarter, placing revenue between $1.23 billion to $1.26 billion, topping estimates of $1.21 billion. Yahoo Finance's Julie Hyman and Jared Blikre break down Snap's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
BloombergSnap Signals That Ad Revamp Is Finding an Audience; Shares Surge
(Bloomberg) -- Snap Inc. offered positive signs that its efforts to revamp its digital advertising business are gaining popularity with marketers — boosting revenue and providing stronger competition with powerhouses Google and Meta Platforms Inc. The shares surged more than 20% in extended trading.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldMalaysia in Talks With Tycoons on Casino to Revive $
