ayondo Comment: “Snap Inc’s Staying Power to be Tested with First Earnings Report”
By FF Newsroom · 9 May 2017
Jordan Hiscott, Chief Trader at ayondo markets
“Snap Inc’s staying power to be tested with first earnings report”
“Given the expectations of technology companies at the moment, there will be a lot of interest in Snap Inc’s first earnings report tomorrow. The IPO was certainly a success, having priced at $17 initially before moving higher to $28.50. But its share price has since moved to the lower range of $20 - $23.
“In my opinion, for this set of earnings the market will be less focused on the loss per share and more of the increase in users generated. In addition, any indications on special projects, like augmented reality or video glass lens should be welcomed by the market.”