Snap Expected To Report Q2 Earnings

Snap Inc. is expected to report second-quarter earnings after the close of markets on Tuesday. The app stock is down 45% since its IPO in March 2017 and Wall Street analysts think it may continue to sink. According to Market Insider, analysts expect the company to post an adjusted loss per share of $0.183 for the quarter ended June 30, on revenues of $249.82 million. Snap has been public for a little over a year and has fallen considerably off its highs of more than $20 in 2017.