Company News: Snap (SNAP) posts smaller-than-expected quarterly loss

Market news

23 October 2019

Company News: Snap (SNAP) posts smaller-than-expected quarterly loss

Snap (SNAP) reported Q3 FY 2019 loss of $0.04 per share (versus -0$12. in Q3 FY 2018), slightly better than analysts’ consensus estimate of -$0.05.

The company’s quarterly revenues amounted to $0.446 bln (+49.9% y/y), beating analysts’ consensus estimate of $0.436 bln.

The company’s DAUs were 210 mln in Q3 FY 2019, compared to 203 mln in Q2 FY 2019 and 186 mln in Q3 FY 2018 and versus guidance for 205-207 mln.

SNAP rose to $14.39 (+2.79%) in pre-market trading.

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