Snap Stock Sinks 13+% After Company Pulls Guidance Amid Macro Uncertainty
Express News | Snap Inc : Moffettnathanson Cuts Target Price by $1 to $8
Due to tariff impacts, the social media platform Snap retracts its revenue guidance for the second quarter, causing a sharp decline in stock prices after hours.
Snap's revenue in the first quarter was 1.36 billion dollars, slightly higher than the analysts' average expectation of 1.35 billion dollars, but it refused to provide sales forecasts for the second quarter, stating that the company is facing macroeconomic "headwinds" affecting its advertising business. Chief Financial Officer Derek Andersen stated that some Snap advertisers are reducing their spending.
Express News | In overnight trading, Nvidia drops 2%, SMCI, Starbucks, Snap, and First Solar shares fall after their financial results
Earnings Call Summary | Snap Inc(SNAP.US) Q1 2025 Earnings Conference
Snap Outlines Momentum With 460M DAUs and $1.36B Q1 Revenue, Eyes AR Innovation
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1604 : whata the reason