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Snap (#SNAP) announced their Q4 earnings report and beat analyst expectations. The company reported a Non-GAAP EPS of $0.09 (beat by $0.02) and revenue of $911.32M (beat by $56.08M). Although the company beat expectations and increased revenue by +62.5%, shares of #Snap are trading down -7% in post-market hours. The company looks good on growth, but many investors are still skeptical about the company's profit. Snap went public in 2016 and has yet to post a profitable quarter. Should investors buy shares of Snap up an anticipate future growth, or look elsewhere if they want exposure to the tech sector?
By Financial MoversSnap (#SNAP) announced their Q4 earnings report and beat analyst expectations. The company reported a Non-GAAP EPS of $0.09 (beat by $0.02) and revenue of $911.32M (beat by $56.08M). Although the company beat expectations and increased revenue by +62.5%, shares of #Snap are trading down -7% in post-market hours. The company looks good on growth, but many investors are still skeptical about the company's profit. Snap went public in 2016 and has yet to post a profitable quarter. Should investors buy shares of Snap up an anticipate future growth, or look elsewhere if they want exposure to the tech sector?