Key TakeawaysSnap shares soared more the 25% in premarket trading Friday after the Snapchat parent posted quarterly results above analysts' estimates and issued a better-than-expected current-quarter outlook.The company expects its daily active user count to grow to 431 million by the end of the current quarter, above the 430 consensus view.Recent enhancements to the company's platform helped it attract small to medium-sized advertisers in the quarter.Snap shares may run into overhead resistance around $15. ...

Snap Inc. (NYSE: SNAP) made a splash with its Q1 2024 earnings report released on April 25th, showcasing impressive financial results that exceeded market expectations. The tech giant reported a significant revenue increase of 21% year-over-year, reaching $1.19 billion, outpacing analyst estimates. This robust growth propelled Snap’s shares to surge by over 23% in after-hours trading.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Key highlights from ...

In a refreshing twist, Snapchat (NYSE: SNAP) saw a major boost in its stock after releasing its Q1 earnings, surpassing expectations by a large margin. In after-hours trading, the stock soared by as much as 30%. A positive momentum carried over into premarket trading, with gains nearing 25%, pushing SNAP shares to $14.20 from their closing price of $11.40.SNAP stock premarket gains on April 26. Source: Google FinanceFollowing this significant surge, investors are now pondering whether SNAP stock can reclaim ...

Snap (SNAP) reported $1.19 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 20.9%. EPS of $0.03 for the same period compares to $0.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.12 billion, representing a surprise of +6.79%. The company delivered an EPS surprise of +160.00%, with the consensus EPS estimate being -$0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

Snapchat parent company Snap believes that augmented reality (AR) will be “one of the most meaningful advancements in computing that the world has ever seen.”Evan Spiegel, CEO of Snap, said this Thursday (April 25) during the company’s quarterly earnings call. He said that Snap considers AR to be one of the company’s three strategic priorities, alongside revenue growth and community growth.“We have never worked on anything as profound and meaningful as augmented reality,” Spiegel said during the call. “AR e ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission File Number: 001-38017 _________ ...

Snap Inc. (NYSE:SNAP) Q1 2024 Earnings Conference Call April 25, 2024 5:30 PM ET Company Participants David Ometer - Head, Investor Relations Evan Spiegel - Chief Executive Officer & Co-Founder Derek Andersen - Chief Financial Officer Conference Call Participants Doug Anmuth - JPMorgan Ken Gawrelski - Wells Fargo Rich Greenfield - LightShed Partners Ross Sandler - Barclays James Heaney - Jefferies Michael Morris - Guggenheim Benjamin Black - Deutsche Bank Mark Shmulik - Bernstein Dan Salmon - New Street Res ...

Shares in the owner of Snapchat surged 21% during after-hours trading after the social media group beat Wall Street’s expectations for quarterly revenue and user growth.Improvements to Snap’s advertising system are delivering results faster than anticipated, the company said.Daily active users of Snapchat grew to 422 million in the first three months of the year, beating analyst expectations of 419.6 million. Revenue during the first quarter meanwhile rose 21% to $1.2bn, beating the analyst consensus estima ...

Snap says total watch time on its TikTok competitor increased more than 125%As part of its Q1 2024 earning release, Snap revealed that total watch time on its TikTok competitor, Spotlight, increased more than 125% year-over-year. Snapchat launched the TikTok-like feed in late 2020 as a way to compete with the rising popularity of TikTok. The company is touting the success of its short-from video feed a day after President Biden signed a bill that would ban TikTok if its Chinese parent company, ByteDance, fa ...

Quarterly Financial Review First Quarter 2024 Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Q1-2024 Quarterly Review © 2024 Snap-on Incorporated Cautionary Statement ▪ These slides should be read in conjunction with comments from the April 18, 2024 conference call. ...