Company News: Snap (SNAP) posts lower-than-expected Q2 loss

Market news

8 August 2018

Company News: Snap (SNAP) posts lower-than-expected Q2 loss

Snap (SNAP) reported Q2 FY 2018 loss of $0.14 per share (versus -$0.16 in Q2 FY 2017), $0.03 better than analysts' consensus estimate of -$0.17.

The company's quarterly revenues amounted to $0.262 bln (+44.4% y/y), beating analysts' consensus estimate of $0.250 bln.

The company also issued guidance for Q3, projecting Q3 revenues of $265-290 mln versus analysts' consensus estimate of $289.59 mln.

SNAP fell to $12.96 (-1.22%) in pre-market trading.

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