Snap reports better than expected revenue for Q3
- Snap reported better than expected revenue for the September quarter
- Earnings loss of 23 cents per share, slightly better than expected
- Revenue came in at $1.19 billion, above analysts’ expectations
- Daily active users were 406 million, slightly higher than estimated
- Snap gave an internal forecast of revenue range of $1.32 billion to $1.375 billion for the current quarter
- Snap shares initially rose 11% in after-hours trading
Factuality Level: 7
Justification: The article provides specific information about Snap’s earnings report and compares it to Wall Street estimates. It also includes analyst consensus and a quote from an analyst. However, there is some repetition of information and the article does not provide a balanced perspective by including any potential positive factors for Snap’s future growth.
Noise Level: 3
Justification: The article provides relevant information about Snap’s earnings report and includes analyst estimates and commentary. However, it contains some filler content, such as the mention of text-to-speech technology and the request for feedback on the article format.
Financial Relevance: Yes
Financial Markets Impacted: Snap’s better than expected revenue for the September quarter may impact the stock market and investors in the company.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to financial topics as it discusses Snap’s earnings report and its impact on the stock market. However, there is no mention of an extreme event.
Public Companies: Snap (SNAP)
Private Companies:
Key People: Evan Spiegel (CEO), Mark Shmulik (Analyst)
Snap reported better than expected revenue for the September quarter, with an earnings loss of 23 cents per share, slightly better than expected. Revenue came in at $1.19 billion, above analysts’ expectations. Daily active users were 406 million, slightly higher than estimated. Snap also gave an internal forecast of revenue range of $1.32 billion to $1.375 billion for the current quarter. As a result, Snap shares initially rose 11% in after-hours trading.
