The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024.
Snap said its adjusted earnings for the fourth quarter will be between $210 million and $260 million.
Shortly after Snap announced the new Spectacles, Meta CEO Mark Zuckerberg revealed his company's experimental AR glasses called Orion.
In a letter to investors, Snap discussed the importance developers play for the company's Spectacles and AR initiatives.
Prior to the after-hours pop, Snap shares were down 36% for the year compared to the Nasdaq's 25% gain.
Persons:
Evan Spiegel, Mark Zuckerberg, Snap
Organizations:
LSEG Revenue, LSEG Global, Global, StreetAccount, Snap
Locations:
Los Angeles