Snap Stock Wipes Out Its Earnings-Day Rally After a Revenue Miss

Snap Inc. (SNAP) stock fell 11.46% after hours on Wednesday, dropping to $5.24 from its $5.92 close. The Snapchat parent posted a profit and guided above estimates, but missed on revenue and daily users. The after-hours slide erased a 5.81% gain from the regular session, when shares rose from a $5.60 previous close. Follow us on X to get the latest news as it happens Profit Beats Forecasts as Revenue Falls Just Short Snap reported third-quarter revenue of $1.72 billion, up 14% from $1.51 billion a year earlier. That landed just below the $1.73 billion analysts expected, according to LSEG. Net income reached $56 million, compared with a $104 million loss in the same quarter of 2025. Adjusted earnings per share hit $0.19, ahead of the $0.16 forecast.

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