Yahoo Finance Live’s Julie Hyman and Brian Sozzi discuss first quarter earnings for Snap.

Video Transcript

JULIE HYMAN: Thing number three and a company reported after the bell gives us some windows into some other aspects of what we're watching for in earnings. I'm talking about Snap. It reported after the close yesterday. The shares are little changed right now. They, too, have been sort of bouncing around, right, as people have tried to digest their earnings. So, a couple of things here. We continue to see the ripple effect in the digital ad market as a result of the changes that Apple made to its tracking. That's thing one.

Thing two is what's going on with Russia. The company said that it did see some advertisers pull back because of what was going on there. And then, of course, there's just generally what we're seeing in terms of demand for advertising online. So all of that reflected in the numbers, with the company posting a wider loss than estimated, after, in the fourth quarter, having posted its largest-- its first quarterly profit ever. Sales were up 38% to just over a billion dollars.

And the company does look like it's giving a little bit more of a positive outlook for the second quarter. So, sort of missing last quarter, more positive this quarter, might be why the stock is a little bit mixed. Sales growth so far this quarter, according to the CFO, has been around 30%, versus the 20% to 25% guidance, Sozz.

BRIAN SOZZI: Yeah, high marks for Snap in terms of daily active users, though that beat Street estimates by 2 million. But that earnings call, we were just talking about Amex not suggesting any recession or large scale consumer spending backdrop.

You know, it was a different story painted on that Snap earnings call last night, Julie, where they voiced concern about the pace of advertising spending as the year goes along. Macro concerns-- you name it. Heard some caution there on Snap. So you just get the sense that it's going to be a stock picker's type of earnings season. There's lots of different stories here. Not a lot of them are tying together.