KEY POINTS
  • Wall Street analysts are disappointed with Snap's third-quarter earnings results.
  • "The revenue shortfall against expectations and (management) commentary implies that (management) likely has much less visibility into the business than we thought," an RBC Capital Markets' internet analyst says.

Wall Street is buzzing over Snap's poor financial results and blasting the company for its weak performance.

The social media company reported worse-than-expected third-quarter results Tuesday. Its sales and daily active users fell short of Wall Street expectations.