Earnings Outlook: Snap earnings: Is a ‘Twitter-like turnaround’ ahead?

Investors betting on a Snap Inc. turnaround don’t have to look far for inspiration.

Social-media peer Twitter Inc. TWTR, -1.41% struggled for years, but it began to earn Wall Street’s respect when it posted its first profitable quarter in February. The company still has user-growth issues, but it’s doing a better job of monetizing the existing user base and selling higher-quality ads.

With Snap SNAP, -0.29% shares off nearly 60% from their March 2017 initial-public-offering price as of Tuesday’s close, some are hoping that the beleaguered Snapchat parent can pull off a similar transformation.

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