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Stock impact report

Should Investors Consider Meta (META) or Snap's (SNAP) Stock After Q3 Earnings? [Yahoo! Finance]

Snap Inc. Class A (SNAP) 
Last snap inc. class a earnings: 4/21 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.snap.com/company-profile
Company Research Source: Yahoo! Finance
Snap shares initially rallied after its Q3 report with Meta continuing a post-earnings selloff on Thursday. Optimism for Snap came as its Snapchat application doubled the number of active users and advertisers from a year ago while Meta fell on concerns of increased spending. As the leader in the realm of social media outlets, Meta's daily active users (DAUs) were up to 3.32 billion during Q3 compared to 3.19 billion in the comparative period. Meta posted Q3 sales of $40.58 billion which topped estimates of $40.2 billion and rose 19% from $34.14 billion in the prior-year quarter. More impressive, Q3 EPS of $6.03 beat expectations of $5.19 a share by 16% and spiked 37% from $4.39 per share a year ago. Meta has surpassed earnings expectations for eight straight quarters posting an average EPS surprise of 11.34% in its last four quarterly reports. Image Source: Zacks Investment Research CEO Mark Zuckerberg stated Meta is committed to increasing its spending on AI and the metav Show less Read more
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