$THRM.v – EXCLUSIVE: Therma Bright Inc. Talks About Its Pipeline, Financial Status And Battle Against Covid-19
Vegas Winners Rolls Dice – Coming Soon – Buy This Stock ?
Buffett Sells Banks – Airlines – Buys Gold 
Pandemic Play – Dillards Department Store  Soars Ahead – Buffett Sniffing Around !  

Therma Bright CEO Interview – Saliva Covid Testing

Social media company Snap Inc (NYSE:SNAP) saw its share scale historic jump last Thursday after it managed to beat earnings estimates comfortably. After the declaration of earnings results, the Snap stock rallied last week and went up as much as 30%. The stock could remain in focus this week as well and hence, it may be worthwhile for investors to have a closer look at Snap.

Q3 Earnings Beat

$AABB – Asia Broadband Inc. Why investing in gold is a certainty 

The Snap stock has performed admirably in 2020 and up until last week, it has gained as much as 70% this year so far. The latest rally came about after the social media company generated revenues of $679 million Q3 2020 and beat analysts’ estimate of $555 million in a canter.

That reflects a year on year rise of as much as 52%. More importantly, Snap managed to actually generate an adjusted profit of 1 cent a share and that came as an unexpected surprise for market watchers as well.

The company also announced that the active daily users stood at 249 million, which reflects a rise of 18% year on year. It was also higher than the estimated range of 242 million to 244 million from analysts as well as the company’s own projection of 243 million.

Net losses came in at $200 million, which was a significant drop from the $227 million net loss in the prior-year quarter.

$AABB – Asia Broadband Inc. Why investing in gold is a certainty 

Facebook’s Loss Snap’s Gain

One of the major reasons behind the substantial rise in revenues was due to Snap’s success in taking advantage of the ad boycott on Facebook.

Facebook has long been one of the major platforms for advertising but in excess of 1000 advertisers ditched the platform as part of the ‘StopHateForProfit’ campaign. Snap used the opportunity to pitch its services to such advertisers who had ditched Facebook.

$AABB – Asia Broadband Inc. Why investing in gold is a certainty 

Projections for Fourth Quarter

$AABB – Asia Broadband Inc. Why investing in gold is a certainty Snap also provided their projection for the fourth quarter and that is something that potential investors could take note of. Snap expects its revenues for the fourth quarter to rise by 47% to 50% year on year. On the other hand, the company has projected daily active users country to rise to 257 million.

That being said, the company also informed us that it expects its expenses to rise in the fourth quarter as well. Despite the overall uncertainty in the global economy, the company is optimistic about its prospects for the long term.

Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision.