Snap stock falls ahead of quarterly results
Snap shares fell 3.6% in premarket trading as the company heads into its quarterly report due after the market close, with investors watching for signs the core advertising business is stabilizing. Analysts expect second-quarter revenue to rise 14% to $1.53 billion and adjusted profit to rebound to $0.06, but recent headwinds include the company saying the Middle East conflict weighed on sales and the cancellation of a Perplexity partnership. Snap has also intensified investment in AI and expensive augmented reality glasses, which raises scrutiny over spending and future commercial viability.
Analysts expect Q2 revenue to rise to $1.53 billion.
Context
Snap reported that the Middle East conflict hurt sales earlier this year. The company…
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