"Until they do, investors will likely continue to be disappointed". Eight analysts surveyed by Zacks expected $186.9 million.
The weekly rig count is an important barometer for the drilling industry and serves as a proxy for oil production and oil services demand.
On Thursday, in its first earnings report since its stock market debut, Blue Apron reported more than $238m in revenue for the three months to the end of June and losses of $31.6m. That despite the current pact to curb production by 1.8m barrels per day.
In addition, Snap said daily active users (DAUs) increased by 7.3 million in Q2 2017, but that's down from the 8 million it added in the first quarter - and also lower than analyst expectations, which estimated Snap would close out the second quarter with 174.6 million DAUs.
The Venice, Calif. -based company lost more money than Wall Street expected in the second quarter - 16 cents a share versus an anticipated loss of 14 cents a share - while missing revenue predictions by 2.4 percent. Vetr downgraded shares of Snap from a "buy" rating to a "hold" rating and set a $13.95 price objective for the company.in a research report on Monday, July 31st. Snap stock closed Thursday at $13.67, more than 44 percent below the $24.48 opening-day closing price for the stock back in early March. The stock had a trading volume of 26,831,893 shares.
On a per-share basis, the Venice, California-based company said it had a loss of 36 cents. The stock's performance is being closely watched as a measure of tech start-ups in the public markets. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. In the second quarter, Snap added a maps function for users to see where friends are, as well as a search section. "Snap has tremendous potential if it can capitalize on the opportunity in front of it as an alternative platform for advertisers", but the company is "under pressure from multiple fronts". Snap shares now trade at 9x our 2018E revenue, and earnings, EBITDA, and FCF are likely to remain negative the next couple years. The Company's flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap.