Snap stops user losses, beats Wall Street expectations in Q4

//Snap stops user losses, beats Wall Street expectations in Q4

Snap stops user losses, beats Wall Street expectations in Q4

Snap Inc. surged in after-hours trading upon the release of its fourth-quarter earnings report, in which the Snapchat maker beat analyst forecasts and reported stabilized daily active users. The company posted net losses of $192 million, or 4 cents per share, on record revenues of $390 million — up 36 percent compared to the same time frame a year ago. Wall Street had estimated earnings losses of 8 cents per share and revenues of $376 million. Meanwhile, daily active users of the Venice, California-based…

Article by [author-name] (c) Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com - Read full story here.

By | 2019-02-05T22:06:54+00:00 February 5th, 2019|Media|

About the Author: