Profile - To The Moon

ElaineTEL

Posts · 11Posts · 11
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- ElaineTELElaineTEL
  ·2022-11-10
  $AMC Entertainment(AMC)$
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- ElaineTELElaineTEL
  ·2022-10-21
  $SENSETIME-W(00020)$
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- ElaineTELElaineTEL
  ·2022-10-21
  $SENSETIME-W(00020)$
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- ElaineTELElaineTEL
  ·2022-10-21
  Ok
  Sorry, this post has been deleted
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- ElaineTELElaineTEL
  ·2022-10-21
  K
  Tesla Shares Slumped 5.89% as Delivery Miss and Revenue Below Forecast
  Tesla shares slumped 5.89% as delivery miss and revenue below forecast.Tesla reported Q3 EPS of $1.0
  Tesla Shares Slumped 5.89% as Delivery Miss and Revenue Below Forecast
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- ElaineTELElaineTEL
  ·2022-10-21
  Ok
  Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide
  Whirlpool reported third-quarter results that missed on both the top and bottom lines and the applia
  Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide
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- ElaineTELElaineTEL
  ·2022-10-21
  Ok
  Snap Plunges 27% on Slowest Sales Growth as Advertisers Retreat
  Company says US users are spending less time on Snapchat videoSnap has cut workforce to focus on revenue-generating projects(Bloomberg) -- $Snap Inc(SNAP)$.reported its slowest quarterly sales growth
  Snap Plunges 27% on Slowest Sales Growth as Advertisers Retreat
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- ElaineTELElaineTEL
  ·2022-10-10
  $XI2CSOPHSTECH(07552)$
  611 Comment
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- ElaineTELElaineTEL
  ·2022-10-10
  $Liberty Oilfield Services Inc.(LBRT)$
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- ElaineTELElaineTEL
  ·2022-10-09
  👍🏻
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Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Shares Slumped 5.89% as Delivery Miss and Revenue Below Forecast</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Shares Slumped 5.89% as Delivery Miss and Revenue Below Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-20 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla shares slumped 5.89% as delivery miss and revenue below forecast.<img src=\"https://static.tigerbbs.com/68db4ffabae9ceb18b27f8bfc16d785a\" tg-width=\"797\" tg-height=\"845\" width=\"100%\" height=\"auto\"/>Tesla reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175971027","content_text":"Tesla shares slumped 5.89% as delivery miss and revenue below forecast.Tesla reported Q3 EPS of $1.05, $0.02 better than the analyst estimate of $1.03. Revenue for the quarter came in at $21.45 billion versus the consensus estimate of $22.5 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983489969,"gmtCreate":1666308380651,"gmtModify":1676537737321,"author":{"id":"4128145865160432","authorId":"4128145865160432","name":"ElaineTEL","avatar":"https://community-static.tradeup.com/news/a4742b752e4bb2e38bce991141e126c4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4128145865160432","idStr":"4128145865160432"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983489969","repostId":"2277412897","repostType":4,"repost":{"id":"2277412897","kind":"highlight","pubTimestamp":1666307573,"share":"https://ttm.financial/m/news/2277412897?lang=&edition=fundamental","pubTime":"2022-10-21 07:12","market":"us","language":"en","title":"Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide","url":"https://stock-news.laohu8.com/highlight/detail?id=2277412897","media":"StreetInsider","summary":"Whirlpool reported third-quarter results that missed on both the top and bottom lines and the applia","content":"<html><head></head><body><p>Whirlpool reported third-quarter results that missed on both the top and bottom lines and the appliance maker cut its outlook on full-year earnings amid rampant inflation and slowing demand.</p><p><a href=\"https://laohu8.com/S/WHR\">Whirlpool Corporation</a> was down 4.6% in afterhours trading following the news.</p><p><img src=\"https://static.tigerbbs.com/d1f5b6b9fda5cbcf0ffc184083e560e6\" tg-width=\"868\" tg-height=\"680\" width=\"100%\" height=\"auto\"/>The company reported adjusted EPS of $4.49 on revenue of $4.78 billion, missing estimates for $5.53 and $5.2 billion, respectively.</p><p>The weaker Q3 performance comes as production volumes were cut by 35% in the quarter, in anticipation of a &#34;temporary soft demand environment,&#34; the company said.</p><p>Looking, the company cut its outlook on earnings and warned that the trend of ongoing macroeconomic headwinds and elevated levels of inflation that resulted in slowing demand is expected to continue.</p><p>Full-year earnings per diluted share was cut to $5.00 from a prior range of $9.50 to $11.50 a share.</p><p>&#34;Looking ahead, we see these challenges persisting into the first half of 2023, however, we believe we have the right actions in place that will allow us to navigate through the current environment while advancing our portfolio transformation and delivering strong shareholder returns,&#34; the company said.</p></body></html>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Whirlpool Cuts Guidance After Q3 Results Miss; Shares Slide</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhirlpool Cuts Guidance After Q3 Results Miss; Shares Slide\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-21 07:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20728226><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whirlpool reported third-quarter results that missed on both the top and bottom lines and the appliance maker cut its outlook on full-year earnings amid rampant inflation and slowing demand.Whirlpool ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20728226\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.streetinsider.com/dr/news.php?id=20728226","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277412897","content_text":"Whirlpool reported third-quarter results that missed on both the top and bottom lines and the appliance maker cut its outlook on full-year earnings amid rampant inflation and slowing demand.Whirlpool Corporation was down 4.6% in afterhours trading following the news.The company reported adjusted EPS of $4.49 on revenue of $4.78 billion, missing estimates for $5.53 and $5.2 billion, respectively.The weaker Q3 performance comes as production volumes were cut by 35% in the quarter, in anticipation of a \"temporary soft demand environment,\" the company said.Looking, the company cut its outlook on earnings and warned that the trend of ongoing macroeconomic headwinds and elevated levels of inflation that resulted in slowing demand is expected to continue.Full-year earnings per diluted share was cut to $5.00 from a prior range of $9.50 to $11.50 a share.\"Looking ahead, we see these challenges persisting into the first half of 2023, however, we believe we have the right actions in place that will allow us to navigate through the current environment while advancing our portfolio transformation and delivering strong shareholder returns,\" the company said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983480259,"gmtCreate":1666308360271,"gmtModify":1676537737309,"author":{"id":"4128145865160432","authorId":"4128145865160432","name":"ElaineTEL","avatar":"https://community-static.tradeup.com/news/a4742b752e4bb2e38bce991141e126c4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4128145865160432","idStr":"4128145865160432"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9983480259","repostId":"2277241712","repostType":4,"repost":{"id":"2277241712","kind":"highlight","pubTimestamp":1666306964,"share":"https://ttm.financial/m/news/2277241712?lang=&edition=fundamental","pubTime":"2022-10-21 07:02","market":"us","language":"en","title":"Snap Plunges 27% on Slowest Sales Growth as Advertisers Retreat","url":"https://stock-news.laohu8.com/highlight/detail?id=2277241712","media":"Bloomberg","summary":"Company says US users are spending less time on Snapchat videoSnap has cut workforce to focus on revenue-generating projects(Bloomberg) -- $Snap Inc(SNAP)$.reported its slowest quarterly sales growth ","content":"<html><head></head><body><ul><li>Company says US users are spending less time on Snapchat video</li><li>Snap has cut workforce to focus on revenue-generating projects</li></ul><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a>. reported its slowest quarterly sales growth ever, saying that a decline in advertising spending continues to drag on results. Shares plunged more than 27% in late trading.</p><p><img src=\"https://static.tigerbbs.com/022f95681d884baac75ec100c7b32f35\" tg-width=\"866\" tg-height=\"673\" width=\"100%\" height=\"auto\"/>The maker of the Snapchat app said third-quarter sales increased 6% to $1.13 billion. That was just shy of analysts’ average estimate of $1.14 billion, according to projections compiled by Bloomberg.</p><p>The social media company spent the quarter shrinking and refocusing its business, announcing in August that it was cutting 20% of its workforce and slashing projects that don’t contribute to user or revenue growth, or to the company’s augmented reality efforts. The changes were in response to plunging sales, which Snap attributed to a slowdown in marketer spending.</p><p>Revenue growth “continues to be impacted by a number of factors we have noted throughout the past year, including platform policy changes, macroeconomic headwinds, and increased competition,” Snap said in its prepared remarks for investors. “We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs of capital.”</p><p>Snap stock, which closed at $10.79 per share, dropped as low as $7.78 in extended trading. The shares have fallen 77% this year.</p><p>The Snapchat app, popular with young people for sending disappearing messages and augmenting videos with special effects, reported a total of 363 million daily active users in the quarter, up 57 million from a year earlier. That topped the 358.7 million estimate. Still, Snap’s average revenue per user slid 11% to $3.11, missing the $3.19 average analyst projection.</p><p>Users in a key market, the US, spent 5% less time watching content than in the same quarter of last year. American Snapchatters aren’t viewing as many Stories posted by friends, the company said. That trend could concern advertisers.</p><p>“Facing an economic downturn, marketing teams are feeling the pressure to prove the ROI of every single line item on their media plans, and they’re going to consolidate spend to fewer, stronger channels and partners as a result,” Kelsey Chickering, an analyst at Forrester, said in an email. “Unfortunately for Snapchat, their share of advertiser budgets will likely shrink further, as marketers shift into the most efficient and proven channels.”</p><p>The company is prioritizing efforts that can boost revenue. In the third quarter, Snap grew its nascent subscription service, Snapchat+, to 1.5 million users who pay for early access to exclusive or pre-release features, Snap said Thursday. The app maker has also been investing in improving measurement tools for ads on its platform.</p><p>Snap posted a net loss of $360 million in the quarter, or 22 cents per share. The loss includes $155 million in restructuring costs. The board also authorized a $500 million share repurchase plan for its Class A stock over the next 12 months, Snap said.</p><p>Investors were watching Santa Monica, California-based Snap for clues on the performance of other advertising-dependent social media businesses. Next week, Meta Platforms Inc. and Alphabet Inc. report earnings.</p><p>Snap and platforms like Meta’s Facebook and Alphabet’s Google are competing for a shrinking pool of advertising dollars this year. Spiraling inflation is putting pressure on companies and consumer spending. Meanwhile, new rules from Apple Inc. that require all apps to get smartphone users’ permission to be tracked online have made it more difficult for advertisers to measure and manage their ad campaigns.</p><p>Shares of Meta, Alphabet and Pinterest Inc., another advertising reliant site, all fell in after-market trading following Snap’s report.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap Plunges 27% on Slowest Sales Growth as Advertisers Retreat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnap Plunges 27% on Slowest Sales Growth as Advertisers Retreat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-21 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-10-20/snap-falls-on-slow-sales-growth-as-advertisers-pull-back><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Company says US users are spending less time on Snapchat videoSnap has cut workforce to focus on revenue-generating projects(Bloomberg) -- Snap Inc. reported its slowest quarterly sales growth ever, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-10-20/snap-falls-on-slow-sales-growth-as-advertisers-pull-back\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2022-10-20/snap-falls-on-slow-sales-growth-as-advertisers-pull-back","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2277241712","content_text":"Company says US users are spending less time on Snapchat videoSnap has cut workforce to focus on revenue-generating projects(Bloomberg) -- Snap Inc. reported its slowest quarterly sales growth ever, saying that a decline in advertising spending continues to drag on results. Shares plunged more than 27% in late trading.The maker of the Snapchat app said third-quarter sales increased 6% to $1.13 billion. That was just shy of analysts’ average estimate of $1.14 billion, according to projections compiled by Bloomberg.The social media company spent the quarter shrinking and refocusing its business, announcing in August that it was cutting 20% of its workforce and slashing projects that don’t contribute to user or revenue growth, or to the company’s augmented reality efforts. The changes were in response to plunging sales, which Snap attributed to a slowdown in marketer spending.Revenue growth “continues to be impacted by a number of factors we have noted throughout the past year, including platform policy changes, macroeconomic headwinds, and increased competition,” Snap said in its prepared remarks for investors. “We are finding that our advertising partners across many industries are decreasing their marketing budgets, especially in the face of operating environment headwinds, inflation-driven cost pressures, and rising costs of capital.”Snap stock, which closed at $10.79 per share, dropped as low as $7.78 in extended trading. The shares have fallen 77% this year.The Snapchat app, popular with young people for sending disappearing messages and augmenting videos with special effects, reported a total of 363 million daily active users in the quarter, up 57 million from a year earlier. That topped the 358.7 million estimate. Still, Snap’s average revenue per user slid 11% to $3.11, missing the $3.19 average analyst projection.Users in a key market, the US, spent 5% less time watching content than in the same quarter of last year. American Snapchatters aren’t viewing as many Stories posted by friends, the company said. That trend could concern advertisers.“Facing an economic downturn, marketing teams are feeling the pressure to prove the ROI of every single line item on their media plans, and they’re going to consolidate spend to fewer, stronger channels and partners as a result,” Kelsey Chickering, an analyst at Forrester, said in an email. “Unfortunately for Snapchat, their share of advertiser budgets will likely shrink further, as marketers shift into the most efficient and proven channels.”The company is prioritizing efforts that can boost revenue. In the third quarter, Snap grew its nascent subscription service, Snapchat+, to 1.5 million users who pay for early access to exclusive or pre-release features, Snap said Thursday. The app maker has also been investing in improving measurement tools for ads on its platform.Snap posted a net loss of $360 million in the quarter, or 22 cents per share. The loss includes $155 million in restructuring costs. The board also authorized a $500 million share repurchase plan for its Class A stock over the next 12 months, Snap said.Investors were watching Santa Monica, California-based Snap for clues on the performance of other advertising-dependent social media businesses. Next week, Meta Platforms Inc. and Alphabet Inc. report earnings.Snap and platforms like Meta’s Facebook and Alphabet’s Google are competing for a shrinking pool of advertising dollars this year. Spiraling inflation is putting pressure on companies and consumer spending. Meanwhile, new rules from Apple Inc. that require all apps to get smartphone users’ permission to be tracked online have made it more difficult for advertisers to measure and manage their ad campaigns.Shares of Meta, Alphabet and Pinterest Inc., another advertising reliant site, all fell in after-market trading following Snap’s report.","news_type":1},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914755877,"gmtCreate":1665371339899,"gmtModify":1676537594461,"author":{"id":"4128145865160432","authorId":"4128145865160432","name":"ElaineTEL","avatar":"https://community-static.tradeup.com/news/a4742b752e4bb2e38bce991141e126c4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4128145865160432","idStr":"4128145865160432"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/07552\">$XI2CSOPHSTECH(07552)$</a>","listText":"<a href=\"https://ttm.financial/S/07552\">$XI2CSOPHSTECH(07552)$</a>","text":"$XI2CSOPHSTECH(07552)$","images":[{"img":"https://community-static.tradeup.com/news/ee47e0f6f88a1a5ceb3af8753de8b1c4","width":"750","height":"1232"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914755877","isVote":1,"tweetType":1,"viewCount":611,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9914756566,"gmtCreate":1665371133855,"gmtModify":1676537594377,"author":{"id":"4128145865160432","authorId":"4128145865160432","name":"ElaineTEL","avatar":"https://community-static.tradeup.com/news/a4742b752e4bb2e38bce991141e126c4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4128145865160432","idStr":"4128145865160432"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LBRT\">$Liberty Oilfield Services Inc.(LBRT)$</a>","listText":"<a href=\"https://ttm.financial/S/LBRT\">$Liberty Oilfield Services Inc.(LBRT)$</a>","text":"$Liberty Oilfield Services Inc.(LBRT)$","images":[{"img":"https://community-static.tradeup.com/news/4c7eafeff7ac6afa5f67cd8d7200452f","width":"750","height":"1305"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914756566","isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9914566851,"gmtCreate":1665320093774,"gmtModify":1676537587242,"author":{"id":"4128145865160432","authorId":"4128145865160432","name":"ElaineTEL","avatar":"https://community-static.tradeup.com/news/a4742b752e4bb2e38bce991141e126c4","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4128145865160432","idStr":"4128145865160432"},"themes":[],"htmlText":"👍🏻","listText":"👍🏻","text":"👍🏻","images":[{"img":"https://community-static.tradeup.com/news/d7325c1d1008f4e359544a4966a79a65","width":"750","height":"984"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914566851","isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}