's (NYSE: SNAP) stock price plunged 19% during after-hours trading on July 25 after the social media company posted its second-quarter earnings report. Its revenue fell 4% year over year to $1.07 billion, which marked its second consecutive quarter of declining revenue, but it still beat analysts' estimates by $10 million. Its adjusted loss of $0.02 per share stayed flat from a year ago and cleared the consensus forecast by two cents.

Snap cleared Wall Street's low bar, but it certainly didn't impress the bulls and its stock price remains nearly 90% below its all-time high from September 2021. Let's see if it's too late to buy Snap as a turnaround play. 

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Source Fool.com