Snap set to report Q4 earnings after Tuesday’s closing bell
Yahoo Finance Live’s Dave Briggs looks ahead to Snap’s earnings report due out tomorrow afternoon.
DAVE BRIGGS: My stock to watch for tomorrow is Snap which releases its fourth quarter results after the bell tomorrow. Analysts are expecting the social media company to report adjusted earnings of $0.11 per share on revenue of $1.3 billion and just shy of 375,000 million daily active users. We should be getting an update on the company's cost cutting measures as well.
If you recall, Snap was one of the first big tech companies to announce it would be reducing headcount, cutting about 20% of its staff back in August. Snap shares up more than 20% so far this year. Still down more than 60% over the last year.