Quarterly Results: Snap (SNAP), Pinterest (PINS) Risen, T-Mobile (TMUS) Fallen – News Heater
Home  »  Stock Ideas   »  Quarterly Results: Snap (SNAP), Pinterest (PINS) R...

Quarterly Results: Snap (SNAP), Pinterest (PINS) Risen, T-Mobile (TMUS) Fallen

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

Snap Inc. (SNAP) rose to $63.64, up +9.14 percent. The California parent company of Snapchat posted better-than-expected fourth-quarter results, but the group needs to be vigilant. Revenues in the fourth quarter were $911 million, up 62% from a consensus of $856 million. Per-share, quarterly consolidated earnings were 9 cents, relative to a consensus of 7 cents. The number of daily active users rose to 265 million by 22 percent year-on-year, with growth well spread across the zones. The consensus amounted to 258 million. The net quarterly loss was reduced to $113 million or 8 cents per share. Guidance in the quarter ranged from $720 million to $740 million in revenue, compared to $462 million a year ago and 705 million by consensus. The company cites challenges for 2021, noting threats to advertisement development in the face of new data collection regulations from Apple in particular.

Pinterest, Inc. (PINS) rose to $81.96, up +5.29 percent. Adjusted earnings per share for the three months were posted by the U.S. photo-sharing social network at 43 cents, compared to a consensus of 32 cents. Just 12 cents a year ago was this EPS. Revenues were $706 million, compared to $400 million at the same period about one year ago. Hence, the quarter was especially good, with operation growth of 76 percent. $646 million was the sales consensus. The group has recovered as an extra 100 million active users per month remained attached to its platform in 2020, a record set by CEO and co-founder Ben Silbermann.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


T-Mobile US, Inc. (TMUS) dropped -4.07% to $125.28. For its fiscal fourth quarter, T-Mobile posted adjusted earnings per share of $1.03, almost twice the consensus, up from 87 cents a year ago. In the year ending December 2020, the U.S. telecom operator posted sales of $20.34 billion, 2% higher than consensus, up from $11.9 billion a year ago. The group reports that costs have raised particularly those linked to the merger with Sprint. Consolidated net quarterly earnings were $750 million or 60 cents per share.

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

A Lesson to Learn: GameStop Corp. (GME)

GameStop Corp. (NYSE:GME) went down by -8.34% from its latest closing price compared to the recent 1-year high of $483.00. The company’s stock price has

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam