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$SNAP destroyed after another earnings report. Anyone surprised? pic.twitter.com/Q3JZ0D4ZgV
— Barchart (@Barchart) January 31, 2023
$SNAP | Snap Q4 Earnings:
— Benzinga (@Benzinga) January 31, 2023
- Adj EPS $0.14 (Est. $0.11)
- Sales $1.30B (Est. $1.31B)
- 4Q Daily Active Users 375M, EST. 374.7M
- Given Uncertainties Related To Operating Environment Co Is Not Providing Guidance For Revenue, Adj. EBITDA For Q1 2023
$SNAP never disappoints in announcing disappointing earnings.
— Heisenberg (@Mr_Derivatives) January 31, 2023
The bulls were bordering on euphoria heading into the close Tuesday but Snapchat (SNAP) has thrown cold water on them with another disappointing quarter.
As you can see in the tweet above by Benzinga, Daily Active Users (DAUs) and Revenue both essentially came in line which is not good enough given the almost 50% runup in shares over the last six weeks heading into the report.
Shares are currently -14% in the after-hours. This is only going to increase the drama heading into Wednesday’s Fed Decision and META earnings.
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