Shares of Snapchat parent Snap (NYSE: SNAP) crashed last month after the social media maven delivered a disappointing second-quarter earnings report, reporting weak top-line growth and a loss on the bottom line. According to data from S&P Global Market Intelligence, the stock finished the month down 25%. Snap had already slashed its second-quarter guidance back in May, calling for revenue growth of less than 20% and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss, so investors were already expecting a weak quarter. Read More...
Shares of Snapchat parent Snap (NYSE: SNAP) crashed last month after the social media maven delivered a disappointing second-quarter earnings report, reporting weak top-line growth and a loss on the bottom line. According to data from S&P Global Market Intelligence, the stock finished the month down 25%. Snap had already slashed its second-quarter guidance back in May, calling for revenue growth of less than 20% and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss, so investors were already expecting a weak quarter.
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