Snap Inc. reported rising daily users and accelerated revenue growth on Tuesday, signs that a tumultuous redesign of the company’s core app last year and its strong following among young people are translating into business gains.
The Santa Monica, Calif.-based company said daily users increased 2% to 190 million, from 186 million the previous quarter, after three consecutive quarters of stagnation. Analysts polled by FactSet had expected the number of users to inch up less significantly, to 187 million.
If they double revenue they only break even.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snap to report first-quarter earnings after the bellSnap investors will be looking for signs that last quarter's user growth was no fluke.
Source: CNBC - 🏆 12. / 72 Read more »
Snap stock surges after user growth beats estimates and losses narrowSnap Inc. shares were soaring 8% in after-hours trading Tuesday after the social-media company beat expectations with its latest financials and user numbers.
Source: MarketWatch - 🏆 3. / 97 Read more »
Snap could see a 15% move when it reports earnings, traders sayThe options market implies a post-earnings move of 15% in either direction for the social media giant's stock, and trader Dan Nathan sees more potential risk than reward. OptionsAction buy buy buy up to 20!! j/k this is a dog!!!! OptionsAction This POS is selling off to $7.
Source: CNBC - 🏆 12. / 72 Read more »
Snap pops on revenue beat and lower losses than expectedSnap shares soared in after-hours trading on Tuesday after the company lowered losses, beat on revenue and continued growing its user base.
Source: CNBC - 🏆 12. / 72 Read more »
LIVE: Snap stock jumps after beating expectations on revenueSnapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday. oh SNAP
Source: BusinessInsider - 🏆 729. / 51 Read more »
LIVE: Snap beat Wall Street's expectations for Q1 2019, and its stock is soaringSnapchat parent company Snap announced its Q1 2019 earnings after markets closed on Tuesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cramer: Charts show there's more upside in Alphabet, Alibaba and Snap'As much as we hate to chase on 'Mad Money,' the charts, as interpreted by Bob Lang, suggest that all three of these internet stocks have more room to run,' the 'Mad Money' host said.
Source: CNBC - 🏆 12. / 72 Read more »
LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
Source: BusinessInsider - 🏆 729. / 51 Read more »