{"id":80639,"date":"2022-02-04T00:58:12","date_gmt":"2022-02-04T05:58:12","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80639"},"modified":"2022-02-04T00:44:51","modified_gmt":"2022-02-04T05:44:51","slug":"snap-shares-rocket-as-much-as-62-on-first-ever-quarterly-net-profit","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2022\/snap-shares-rocket-as-much-as-62-on-first-ever-quarterly-net-profit.html","title":{"rendered":"Snap shares rocket as much as 62% on first-ever quarterly net profit"},"content":{"rendered":"\n<p>(CNBC) <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/SNAP\" target=\"_blank\">Snap<\/a> reported its <a rel=\"noreferrer noopener\" href=\"https:\/\/investor.snap.com\/overview\/default.aspx\" target=\"_blank\">first quarterly net profit on Thursday<\/a>, and beat analyst estimates for the fourth quarter on earnings, revenue and user growth. The report comes a day after Facebook parent <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/FB\" target=\"_blank\">Meta<\/a> delivered disappointing guidance for the first quarter that <a href=\"https:\/\/www.cnbc.com\/2022\/02\/03\/facebook-shares-plummet-22percent-after-reporting-weak-guidance.html\">dragged down several social media stocks<\/a> with it. Snap fell 23.6% Thursday prior to its own earnings announcement but popped as much as 62% after hours, before settling up about 52%.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/02\/03\/snap-q4-2021-earnings.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Snap reported its first quarterly net profit on Thursday, and beat analyst estimates for the fourth quarter on earnings, revenue and user growth. The report comes a day after Facebook parent Meta delivered disappointing guidance for the first quarter [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80639","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=80639"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80639\/revisions"}],"predecessor-version":[{"id":80640,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80639\/revisions\/80640"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}