Snap (NYSE:SNAP) will be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect Snap to post earnings of ($0.21) per share for the quarter. Snap has set its Q1 2019 guidance at EPS.
Snap (NYSE:SNAP) last issued its earnings results on Tuesday, February 5th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.15. The business had revenue of $389.82 million for the quarter, compared to analyst estimates of $378.90 million. Snap had a negative return on equity of 46.90% and a negative net margin of 106.39%. The business’s quarterly revenue was up 36.4% on a year-over-year basis. During the same period last year, the company posted ($0.13) EPS. On average, analysts expect Snap to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of SNAP opened at $11.85 on Tuesday. The firm has a market capitalization of $15.76 billion, a P/E ratio of -12.22 and a beta of 1.18. Snap has a twelve month low of $4.82 and a twelve month high of $15.96.
In related news, CFO Timothy R. Stone sold 20,386 shares of Snap stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $5.77, for a total value of $117,627.22. Following the completion of the transaction, the chief financial officer now directly owns 2,290,834 shares in the company, valued at $13,218,112.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry James Hunter sold 14,828 shares of Snap stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $5.77, for a total value of $85,557.56. Following the completion of the transaction, the vice president now owns 1,852,833 shares of the company’s stock, valued at $10,690,846.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,517,946 shares of company stock worth $64,715,231.
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Snap Company Profile
Snap Inc operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application that helps people to communicate through short videos and images. It also provides Camera, a tool to personalize and add context to Snaps; Friends Page that allows creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of contextual stickers and Bitmojis; and Discover that helps surfacing the stories and shows from publishers, creators, and the community, based on a user's subscriptions and interests.
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