Snap Inc. (NYSE:SNAP) has outperformed peers this year with SNAP stock gaining almost 200% year-to-date to eclipse the whole technology industry. At the beginning of this year, the company had lost around $20 billion of its market value but has since recouped some of the losses. The company was worth $31 billion when it went public last year, and currently, it’s market cap is $22 billion.
Solid Q2 EarningsSnap’s upswing is a result of solid earnings as well as new opportunities. In Q2 the company reported a narrower loss than Wall Street estimates with its ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.