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Snap 1Q earnings: Stock price leaps on revenue, daily user growth beat - Business Insider

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Snap skyrockets 26% after quarterly report shows users flocking to the app during quarantine

announced first-quarter earnings after Tuesday's close that topped estimates lowered by fears of a coronavirus-fueled recession.

Snap shares soared as much as 26% in Tuesday trading, reaching their highest level since February 26.Adjusted loss per share:229 million, versus 190 million year-over-year and analysts' 223.8 million estimateWall Street's best-performing fund this year breaks down its long-term strategy that's outsmarting 99% of peers — and shares 7 stocks to buy for a post-pandemic world

 

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Netflix and Snap earnings will be different tales of media usage during coronavirusNetflix and Snap are both seeing increased usage, but only one is set to profit from it.
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