Snap’s Outlook Is Still a Stretch

The social network’s first forecast is offset by worries of a declining user base

For a company built on fleeting images, certainty is worth only so much.

Snap Inc. tried to give investors some level of certainty with its second-quarter results posted late Tuesday. For the first time since listing its shares publicly last year, the parent company of Snapchat included an actual projection with those results. At least part of the projection wasn’t bad. Snap expects revenue for the third quarter to grow in the range of 29% to 37% year over year.

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