Professional tools and equipment manufacturer Snap-on (NYSE:SNA) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 7.4% year on year to $1.20 billion. Its GAAP profit of $4.82 per share was 0.

Snap stock fell even though Snapchat's parent company reported fourth-quarter earnings and sales that beat expectations.

Social network Snapchat (NYSE: SNAP) reported Q4 CY2024 results , with sales up 14.4% year on year to $1.56 billion. Its non-GAAP profit of $0.16 per share was 13.6% above analysts’ consensus estimates.

Wells Fargo downgraded Snap stock to equal weight today despite its Q4 earnings coming in ahead of Street estimates.

Snapchat owner Snap Inc. reported a stronger-than-expected gain in fourth-quarter revenue and gave an upbeat forecast for the current period, a sign that an overhaul of its advertising business is paying off.

Snap stock gained after the Snapchat parent company reported fourth-quarter earnings and sales that beat expectations.

Snap reported adjusted earnings per share of 16 cents, up from eight cents a year in the same quarter of the prior year, on revenue of $1.56 billion, 14% year-over-year. Analysts had expected adjusted earnings of 14 cents per share on revenue of $1.