Tag Archives: tanks

Snap stock tanks after forecast disappoints: Investor patience is ‘thinning’

Snap stock tanks after forecast disappoints: Investor patience is ‘thinning’

Snap stock (SNAP) tanked on Wednesday, sinking almost 35% as investors digested another disappointing quarterly report. The Snapchat parent company posted Q4 quarterly revenue of $1.36 billion, below Street estimates for $1.38 billion. The company has now missed revenue estimates on six of the last eight reports. And now, it says it expects to lose more money in the current quarter than Wall Street expected too. The company is now projecting an adjusted EBITDA loss in a range of $55 million… Source link

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Gaza combat surges anew as Israeli tanks storm back into areas they left

Gaza combat surges anew as Israeli tanks storm back into areas they left

By Nidal al-Mughrabi, Arafat Barbakh and Tyrone Siu GAZA/ISRAEL-GAZA BORDER (Reuters) -Israeli tanks stormed back into parts of the northern Gaza Strip they had left last week, residents said on Tuesday, reigniting some of the most intense fighting since the New Year when Israel announced it was scaling back its operations there. Massive explosions could be seen over northern areas of Gaza from across the border with Israel – a rarity over the past two weeks after Israel announced a drawdown… Source link

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