Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss
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Snap Inc. (SNAP) shares fell 11.46% in after-hours trading to $5.24 from a $5.92 close after the Snapchat parent missed revenue and daily user estimates, despite posting a profit and guiding above expectations. The drop erased a 5.81% regular-session gain that had lifted the stock from a $5.60 previous close. The revenue and user shortfall outweighed otherwise positive profit and guidance results, reversing the earnings-day rally. Investors will watch whether the after-hours decline carries into the next session and whether user growth stabilizes.
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Snap Inc. (SNAP), Snapchat
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