US News Snap share shoots up more than 20 percent in the pre-trading session - Snap makes a surprising profit

14:45  21 october  2020
14:45  21 october  2020 Source:   finanzen.net

Survey: Individual mobility popular after Corona

 Survey: Individual mobility popular after Corona According to a survey, having one's own car is likely to remain a preferred mode of transport for many people even after the Corona crisis - bus, train and sharing services, on the other hand, have a hard time. © Georg Wendt / dpa A cargo bike driver drives in Hamburg on the A7, on which the traffic jams in front of the Elbe tunnel.

Pre -Markets. Snap 's stock price soared more than 22% after hours on Tuesday as the company posted an unexpected, adjusted profit along with positive user Snap , however, also expects year-to-year expense growth to be higher in the fourth quarter than it has observed year to date, he said.

Snap Inc.’s co-founders got richer by billions of dollars in just a few hours, after the company reported better- than -expected results as the coronavirus pandemic Read more : Snap Sales Beat Estimates on Rebound in Digital Ad Spending. Wealth accumulation in the tech world has been eye-popping this

The Snapchat mother Snap presented the key figures for the past quarter after the US market closed.

TANNEN MAURY/AFP/Getty Images © Provided by Finanz.net TANNEN MAURY / AFP / Getty Images

The growth of the Snapchat photo app amid the corona pandemic has made a deep impression on investors.

Snap increased sales 52 percent year over year to $ 679 million in the third quarter. That clearly exceeded the analysts' expectations - and can be a signal for a strong advertising business, even in the Corona crisis. One concern in the market is that companies affected by the pandemic are scaling back their advertising and thus the business of Internet platforms is sagging.

Municipalities: Many people affected do not know the source of the infection

 Municipalities: Many people affected do not know the source of the infection In numerous cases, those affected and health authorities do not know where people were infected with the coronavirus. In North Rhine-Westphalia, 43 percent of the reported new infections are currently not known in which environment this happened, the Ministry of Health announced on Wednesday at the request of the German Press Agency in Düsseldorf. The figures match the experience of the health authorities in Düsseldorf and Cologne.

Pre -market and after-hours trading may offer benefits for traders , but there are some potential After-hours trading may have benefits for traders trying to profit on expected news, or it may provide a The regular trading sessions offer better liquidity and more efficient markets, which makes all prices

Snap ( SNAP ) closed the most recent trading day at .14, moving -0.71% from the previous trading session . That Apple exposure, however, makes the connection to 5G clear; Apple is expected to release the new 5G capable iPhone 12 series in the next few weeks, and by some estimates, the

At the same time, Snapchat could also have benefited from a multi-week Facebook boycott by some large advertising customers at the beginning of the quarter. The action should point to hate speech on the world's largest online network. Snap did not provide any information on whether part of the ad budget had migrated to Snapchat. However, CFO Derek Andersen noted that advertisers' re-evaluations of social media platforms have brought Snapchat a better relationship with many of them.

Video: Share in focus: Hochtief subsidiary sells half of mining equipment supplier (dpa afx)

Snap initially recorded a significant boost for its business at the beginning of the corona crisis - but then missed its own sales forecast in the second quarter.

survey: Germans favor Jens Spahn as the new CDU boss

 survey: Germans favor Jens Spahn as the new CDU boss 22 percent of Germans would like the federal health ministers to be the CDU chairman. However, he is not running at all, but supports Armin Laschet. © Reuters Spahn does not apply for the CDU chairmanship, but competes in a team with NRW Prime Minister Armin Laschet. Federal Health Minister Jens Spahn would have good cards from CDU chairman, but few good cards as candidate for chancellor of the Union.

Pre -Markets. Shares plummeted more than 20 percent on Thursday. The company spent billion on stock-based compensation expenses after its initial public offering, widening net Snap has not made great gains in the markets, trading mostly below the high of .44 in its first week of trading .

Many investors were taken by surprise when Facebook stock fell by nearly 20 percent in a single late July day. This is likely to trigger a fall in revenue and profits , which can rightfully drive the price of Of course, some dot-com bubble stocks have performed much better than others in the 20 years

The number of daily active Snapchat users rose from 238 to 249 million within three months. The trend that this growth no longer comes from the largest markets of the USA and Europe established itself. In North America, the daily number of users stagnated at 90 million. In the Europe region, which Snap also includes users from Russia and Turkey, it grew from 71 to 72 million.

Bottom line, Snap was still in the red of just under $ 200 million - after losing a good $ 227 million a year earlier. The losses continue to be related to, among other things, how employee compensation in Snap stock is posted on the balance sheet.

Snapchat was originally primarily known for images that disappear on their own, but is now increasingly trying to establish itself as a platform for media content. Among other things, sports content has recently become much more popular.

Snap also relies heavily on so-called augmented reality (AR), in which digital content is inserted into the real environment on the screen. With Snapchat, this includes fun functions such as the ability to miss your mustaches or cat ears. At the same time, there is potentially big business in this, if users can try out clothes, shoes, glasses or cosmetic tones. Snap is increasingly focusing on this, especially in the Corona crisis, in which users do more things from home.

investors react enthusiastically, the Snap share ignites a fireworks display before the market and increases temporarily by 24.43 percent to 35.40 US dollars on the NYSE. VENICE (dpa-AFX)

Fresenius confirms forecast after robust 3rd quarter - Fresenius share still lower .
The health care group Fresenius has confirmed its annual forecast after a robust third quarter of 2020. © Provided by Finanz.net DANIEL ROLAND / AFP / Getty Images Accordingly, the Bad Homburg DAX group expects net profit adjusted for currency and special factors to remain in a range of minus 4 percent to plus 1 percent compared to the previous year of 1.88 billion euros.

usr: 0
This is interesting!