Snap Stock Fell Over 10% on a Dismal Earnings Report

Snap (NYSE: SNAP) is one of the biggest IPOs of 2017, but the market is backing away from the company with every new quarterly report the Snapchat operator puts out.

In this episode of Industry Focus: Tech, analyst Dylan Lewis and senior tech specialist Evan Niu dive into Snap's second earnings report, which the company released last week, and explain why it sent shares down over 10%. Find out the biggest red flags in the report in terms of revenue, user growth, and other key metrics; what management had to say about the dismal trends and what they mean for the company; why they're still not sold on Snap's Spectacles concept; and more.

A full transcript follows the video.

Source: Fool.com