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

Notícias do Mercado

24 abril 2019

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

Snap (SNAP) reported Q1 FY 2019 losses of $0.10 per share (versus -$0.17 in Q1 FY 2018), $0.02 better than analysts’ consensus of -$0.12.

The company’s quarterly revenues amounted to $0.320 bln (+38.9% y/y), beating analysts’ consensus estimate of $0.306 bln.

The company also issued in-line guidance for Q2, projecting revenues of $0.335-0.360 bln versus analysts’ consensus estimate of $0.347 bln.

SNAP rose to $12.60 (+5.09%) in pre-market trading.

U.S. mortgage applications fall last week

Bank of Canada (BoC) to keep rates unchanged today - TDS

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