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    Earnings Alert: Snap Inc. (SNAP), Conversion Rates Just Not There

    Earnings Alert: Snap Inc. (SNAP), Conversion Rates Just Not There

    FromSchwab Network

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    Earnings Alert: Snap Inc. (SNAP), Conversion Rates Just Not There

    FromSchwab Network

    ratings:
    Length:
    9 minutes
    Released:
    Jul 21, 2022
    Format:
    Podcast episode

    Description

    Snap Inc. (SNAP) earnings report indicated -$0.02 in EPS and $1.11B in revenue, missing the estimates. However, SNAP daily active users rose by 18% to 347M. The company plans to substantially reduce hiring. The SNAP stock price today in the post-market session was down as much as 26%. "Can Snap Inc. (SNAP) monetize adds to help the company? Conversion rates are just not there," says George Tsilis.
    Released:
    Jul 21, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.