Company News: Snap (SNAP) quarterly results beat analysts’ forecasts

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5 February 2021

Company News: Snap (SNAP) quarterly results beat analysts’ forecasts

Snap (SNAP) reported Q4 FY 2020 earnings of $. per share (versus $0.03 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.07 per share.

The company’s quarterly revenues amounted to $0.911 bln (+62.5% y/y), beating analysts’ consensus estimate of $0.855 bln.

The company also issued upside guidance for Q1 FY 2021, projecting revenues of $0.720-0.740 bln versus analysts’ consensus estimate of $0.703 bln.

SNAP fell to $54.50 (-6.53%) in pre-market trading.

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