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

Market news

22 July 2020

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

Snap (SNAP) reported Q2 FY 2020 loss of $0.09 per share (versus -$0.06 per share in Q2 FY 2019), better than analysts’ consensus estimate of -$0.10 per share.

The company’s quarterly revenues amounted to $0.454 bln (+17.1% y/y), beating analysts’ consensus estimate of $0.443 bln.

SNAP fell to $22.73 (-8.12 %) in pre-market trading.

EUR/JPY targets the 200-week moving average at 124.75 - Commerzbank

USD/CNH: Rising bets for a drop to 6.9500 - UOB

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