Snap Struggles Despite Earnings Beat—Analysts See Higher Costs, Mixed Growth Prospects

Snap Inc. SNAP shares are trading lower following fourth-quarter financial results reported on Tuesday and several analysts revised the price forecast.Snap reported quarterly earnings of 16 cents per share, which beat the analyst consensus estimate of 14 cents. Quarterly revenue came in at $1.55 billion, which beat the analyst consensus estimate of$1.54 billion.BofA Securities analyst Justin Post maintained the stock with a Neutral and raised the price forecast from $14 to$14.5.The analyst remains cautiou ...