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LIVE: Here come Snap earnings

Troy Wolverton   

LIVE: Here come Snap earnings
Tech2 min read

Evan Spiegel, Co-Founder and CEO of Snap, speaks at the New York Times DealBook conference on November 1, 2018 in New York City.

Stephanie Keith/Getty Images

Evan Spiegel, CEO of Snap, which reports its fourth-quarter results on Tuesday.

Snap reports its holiday-quarter results on Tuesday, and investors will likely be hoping against hope for some good news from CEO Evan Spiegel and his team.

The company's stock is down by nearly 50% over the last year and has fallen even farther from its initial public offering price two years ago. Its number of daily active users has fallen in each of the last two quarters. It's been burning through loads of cash. And it keeps losing executives, most recently Chief Financial Officer Tim Stone, who is set to depart after Tuesday's report.

Analysts have modest expectations for the company's fourth quarter, forecasting that Snap's top and bottom lines will improve, but that the company will still post a significant loss.

Read this: Snap's stock has been 'very weak.' Here's what analysts think ahead of earnings.

Here's what Wall Street is expecting and how its forecasts compare with Snap's prior-year results:

  • Fourth-quarter (Q4) revenue: $377.48 million. In the fourth quarter of 2017, Snap posted sales of $285.69 million.
  • Q4 earnings per share (EPS): A loss of 19 cents. In the same period a year earlier, the company lost 28 cents a share.
  • First-quarter (Q1) revenue: $306.28 million. In the first quarter last year, Snap saw sales of $230.67 million.
  • Q1 EPS: A loss of 24 cents a share. In the same period a year ago, the company lost 30 cents a share.

In late-afternoon trading Tuesday, Snap's stock was down 5 cents, or about 1%, to $6.88 a share.

Get the latest Snap stock price here.

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