Snap (SNAP) reported third quarter results that beat analyst estimates on both the top and bottom lines. The social media company reported earnings of $0.02 compared to estimates of ($0.04) and revenue of $1.19 billion versus the estimate of $1.11 billion. Roth MKM Managing Director Rohit Kulkarni says that Snap has been in “a whole lot of hurt” since Apple changed its privacy rules for apps, but that with recent executive changes “this is almost like a reborn, new company that is on the cusp of a turnaround.” Watch the video above to find out what it would take for Kulkarni to upgrade his rating on the stock.
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