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Snap Inc. (SNAP) shares rise 3.9% amid positive earnings forecasts and legal challenges
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In the past 24 hours, Snap Inc.'s stock price increased by 3.9%, closing at $5.54. This uptick follows Zacks Research's upward revision of Snap's earnings forecasts for fiscal years 2027 and 2028, now projecting profitability. However, the company faces legal challenges, including a lawsuit from Pennsylvania's attorney general over alleged practices that encourage compulsive use among minors.
Points clés
- Zacks Research raises Snap's earnings forecasts, anticipating profitability in fiscal years 2027 and 2028.
- Pennsylvania's attorney general sues Snap over alleged practices that encourage compulsive use among minors.
- Snap's stock price rises 3.9% to $5.54, with trading volume about 90% below the average daily volume.
Sources
Généré par IA à partir de sources d'actualités publiques. Ceci n'est pas un conseil financier.
