What's Going On With Snap Shares

Snap Inc SNAP shares are trading marginally lower by 0.78% to $10.78 Thursday afternoon. Traders and investors are watching Snap shares in anticipation of the company's third-quarter earnings report, confirmed for today's after-hours session.

According to analyst consensus estimates, Snap is expected to report revenue of $1.12 billion on an EPS loss of 1 cent.

Snap Earnings Preview

The company shied away from giving guidance for the quarter when it reported its second-quarter results, citing uncertainties, but hinted revenue will likely be sequentially flat. Later, in late August, in an investor presentation, it said year-over-year revenue growth through Aug. 29 was at 8%.

Snap missed Street expectations in the previous two quarters, with the shares plunging about 40% following its second-quarter results...Read More

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According to data from Benzinga Pro, Snap has a 52-week high of $78.18 and a 52-week low of $9.34.