Join Now

Snap soars more than 25 percent on strong earnings beat

Tuesday - 06/02/2018 16:35
Revenue: $285.7 million versus $252.9 million estimated, according to a Thomson Reuters consensus estimate
Earnings: Loss of 13 cents a share vs. 16 cents per share estimated, according to a Thomson Reuters consensus estimate

Snap soared after an earnings report that beat analyst expectations, with shares jumping up to 28 percent during after-hours trading.

The company reported Q4 earnings on Tuesday after the bell:

  • Revenue: $285.7 million versus $252.9 million estimated, according to a Thomson Reuters consensus estimate
  • Earnings: Loss of 13 cents a share vs. 16 cents per share estimated, according to a Thomson Reuters consensus estimate
     
  • Global daily active users (DAUs): 187 million vs. 184.2 million estimated, per FactSet and StreetAccount
     
  • Average revenue per user (ARPU) estimate: $1.53 vs. $1.36 estimated, per FactSet and StreetAccount

Though the company is still not profitable, it grew revenue 72 percent year-over-year and showed a 46 percent increase year-over-year in revenue ARPU. Cash burn decreased to $225 million, down 49 percent from the previous quarter.

Read More (...)

 Key: Snap

Total notes of this article: 0 in 0 rating

Click on stars to rate this article

  Reader Comments

Newer articles

Older articles

Disclaimer

©2018 VidoStream. All Rights Reserved.
Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

Archives

T2
T3
T4
T5
T6
T7
CN
Top
You did not use the site, Click here to remain logged. Timeout: 60 second