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Snap Stock Crashed 20% After Earnings; Was the Fall Justified?

Snap is grappling with macroeconomic headwinds.

By Parkev Tatevosian, CFA – May 1, 2023 at 8:41PM EST

Snap (SNAP 3.03%) reported a year-over-year decrease in revenue in its latest earnings report. Finance professor and Fool.com contributor Parkev Tatevosian elaborates on the severity of Snap's stock price decline following the financial release.

*Stock prices used were the afternoon prices of April 29, 2023. The video was published on May. 1, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Snap Stock Quote
Snap
NYSE: SNAP
$4.82
(-2.63%)-$0.13

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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