After Snap stock crash, Wall Street analysts see more pain ahead

After Snap stock crash, Wall Street analysts see more pain ahead

6 years ago
Anonymous $CLwNLde341

https://www.cnbc.com/2018/05/02/after-snap-stock-crash-wall-street-analysts-see-more-pain-ahead.html

Shares of social media company Snap plummeted by 20 percent Wednesday following disappointing earnings, and Wall Street still sees room on the downside.

The company significantly missed revenue estimates in its latest report and said its next quarter year-over-year revenue growth rate will "decelerate substantially," partially due to ad prices. The company also missed analysts target for daily active users, and revenue per user.

After Snap stock crash, Wall Street analysts see more pain ahead

May 2, 2018, 2:48pm UTC
https://www.cnbc.com/2018/05/02/after-snap-stock-crash-wall-street-analysts-see-more-pain-ahead.html >Shares of social media company Snap plummeted by 20 percent Wednesday following disappointing earnings, and Wall Street still sees room on the downside. >The company significantly missed revenue estimates in its latest report and said its next quarter year-over-year revenue growth rate will "decelerate substantially," partially due to ad prices. The company also missed analysts target for daily active users, and revenue per user.