Shares of Snap Inc. (SNAP) are dropping over 30% in extended hours trading on Tuesday afternoon after the company released its fourth-quarter earnings report. The report showed revenue rose 5% to $1.36 billion, but still missed estimates of $1.38 billion. In addition, Snap posted an adjusted first-quarter EBITDA (earnings before interest, taxes, depreciation, and amortization) which also missed analysts’ expectations. Scott Kessler, Third Bridge Global Sector Lead, TMT (Technology, Media &… Source link
Read More »Wall Street dives as COVID-Delta variant worries swamp earnings; Robinhood seeks $35B valuation
Stocks sank on Monday, pushing Wall Street benchmarks lower even as second-quarter earnings results reflect a strengthening economic rebound, as rising worries over inflation and the resurgence of new COVID-19 infections rattled investors. This week’s batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ), offering a fuller picture of how companies are faring as more parts of the economy reopened in the spring and early summer. All eyes will also be on… Source link
Read More »Dogecoin dives after ‘dogeday’
TipRanks The Recent Pullback in These 3 Stocks Is a ‘Buying Opportunity,’ Say Analysts It’s that time again – time to look for upwardly mobile stocks at relative bargain prices. We’ve just seen a pullback in market prices, but for some stocks the pullback started earlier and has run deeper. That’s opened up opportunities that Wall Street’s analysts have been quick to point out. These are Strong Buy stocks, despite their recent slips in share value. The analysts have noted that… Source link
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