How did SNAP's Q1 2024 EPS surprise impact its stock?

Snap's Q1 2024 EPS surprise had a negative impact on its stock, as the company reported an EPS surprise of $0.08, which was followed by a significant decline of 11.22% in the stock price to $7.83.

|code|Ticker|Name|Date|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|
|SNAP|SNAP.N|Snap|2023 Q2|0.02|-0.24|169|
|SNAP|SNAP.N|Snap|2023 Q3|0.06|-0.23|169|
|SNAP|SNAP.N|Snap|2023 Q4|0.02|-0.15|169|
|SNAP|SNAP.N|Snap|2024 Q1|0.08|-0.19|169|

|code|Ticker|Name|Date|Closing Price|market_code|
|---|---|---|---|---|---|
|SNAP|SNAP.N|Snap|20240102|16.14|169|
|SNAP|SNAP.N|Snap|20240103|15.78|169|
|SNAP|SNAP.N|Snap|20240104|16.2|169|
|SNAP|SNAP.N|Snap|20240105|16.55|169|
|SNAP|SNAP.N|Snap|20240108|17.31|169|
|SNAP|SNAP.N|Snap|20240109|17.05|169|
|SNAP|SNAP.N|Snap|20240110|17.37|169|
|SNAP|SNAP.N|Snap|20240111|17.09|169|
|SNAP|SNAP.N|Snap|20240112|16.43|169|
|SNAP|SNAP.N|Snap|20240116|15.54|169|