Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss
Snap Inc. (SNAP) stock fell 11.46% after hours on Wednesday, dropping to $5.24 from its $5.92 close. The Snapchat parent posted a profit and guided above estimates, but missed on revenue and daily users. The after-hours slide erased a 5.81% gain from the regular session, when shares rose from a $5.60 previous close.…
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Revenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueQuarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
Results show how a business is really doing and often move its share price sharply.
More about Quarterly resultsFrom the blog
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