Can Snap Stock Bounce Back After Last Week's 18% Drop?

Can Snap Stock Bounce Back After Last Week's 18% Drop?

Earnings season continues to be a challenging time for Snap, Inc. (NYSE: SNAP) shareholders. Shares of Snapchat's parent company plummeted 17.6% last week, fumbling after another disappointing quarterly report.

Revenue rose by a weaker than expected 62%. Wall Street pros were banking on an 87% gain. It was another unprofitable report for Snap -- and that's not much of a surprise -- but Snapchat's daily active users also clocked in with a weaker uptick than analysts were modeling. Morgan Stanley would go on to downgrade the busted IPO shortly after its problematic quarter.

Image source: Snap, Inc.

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Source: Fool.com