Snap Tumbled Over 19% in Morning Trading After Posting a Disappointing Q3 Forecast

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Snap Tumbled Over 19% in Morning Trading After Posting a Disappointing Q3 Forecast

Tiger Newspress2023-07-26

Snap Inc tumbled over 19% in morning trading.

It issued weak guidance for the current quarter. It topped second-quarter expectations, reporting a narrower-than-expected loss of 2 cent a share on $1.07 billion in revenue. That beat expectations for a 4-cent loss and revenues of $1.05 billion, per Refinitiv.

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