Company News: Snap (SNAP) quarterly loss matches analysts' estimate

Market news

22 April 2020

Company News: Snap (SNAP) quarterly loss matches analysts' estimate

Snap (SNAP) reported Q1 FY 2020 loss of $0.08 per share (versus -$0.10 per share in Q1 FY 2019), in line with analysts' consensus estimate.

The company's quarterly revenues amounted to $0.463 bln (+44.4% y/y), beating analysts' consensus estimate of $0.420 bln.

The company's DAUs (daily active users) were 229 million in Q1 FY 2020, a gain of 39 million or 20% y/y.

SNAP rose to $14.90 (+19.77%) in pre-market trading.

Coronavirus: World economy to contract sharply by -2% in 2020 - Nordea

IEA’s chief Birol sees further downside to oil prices

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.