Reported 1 day ago
Snap Inc. (NYSE:SNAP) experienced a notable increase of 7.13% to close at $8.72 per share after Edgewater Research provided a bullish outlook, suggesting that current earnings forecasts for the company may be overly conservative. The second quarter earnings consensus is expected at $0.01 per share, down from $0.08 in the first quarter, but analysts are optimistic about the social media app's advertising business. Additionally, Snap has acquired the calendar app Saturn to enhance its appeal among young adults.
Source: YAHOO