Snap’s Stock Surge Is Latest Example of Earnings Volatility
- The stock often has double-digit moves following reports
- This is the first positive reaction to results since 2022
This article is for subscribers only.
Snap Inc.’s sizable post-earnings swing Friday is nothing new to its investors. What’s different this time is the direction: up.
Shares of the Snapchat parent gained as much as 30%, the latest example of the social-media company’s history of huge moves on quarterly reports. Since the second quarter of 2021, ten of the last 12 reports have been met with double-digit swings, with the moves ranging from a selloff of almost 40% to a gain of nearly 60%.