Company News: Snap (SNAP) posts surprise quarterly profit

Market news

21 October 2020

Company News: Snap (SNAP) posts surprise quarterly profit

Snap (SNAP) reported Q3 FY 2020 earnings of $0.01 per share (versus -$0.04 per share in Q3 FY 2019), beating analysts’ consensus estimate of -$0.05 per share.

The company’s quarterly revenues amounted to $0.679 bln (+52.1% y/y), solidly beating analysts’ consensus estimate of $0.551 bln.

SNAP rose to $35.32 (+24.15%) in pre-market trading.

Gold: More weakness in the near-term before soaring to $2,000 next year - ABN Amro

EUR/JPY maintains a mild downside bias while below 125.11 - Credit Suisse

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.