Here's Why Snap Is Moving

Snap Inc SNAP shares are trading higher by 2.79% to $11.44 Tuesday afternoon. Traders and investors are watching for the company's fourth-quarter earnings announcement, confirmed for after the market close.

According to analyst consensus estimates, Snap is expected to report revenue of $1.3 billion on EPS of 11 cents.

According to Benzinga Pro data, during the third-quarter, Snap posted sales of $1.13 billion. Earnings were up 14.82%, but Snap still reported an overall loss of $359.50 million.

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Snap Inc has a 52-week high of $41.97 and a 52-week low of $7.33.