Snap Earnings Post Higher Than Expected Revenue, User Growth
Snap Earnings Post Higher Than Expected Revenue, User Growth
Oh, Snap! A snapshot of Snapchat.
07 February, 2018, 02:02
Shares of Snap Inc. are up sharply in extended trading following stronger-than-expected revenue and solid user growth for the company's fourth quarter. The net loss was $350 million in the fourth quarter, for a full-year loss of $3.45 billion.
Investors, who had been expecting revenue of $255 million and a loss of 33 cents per share, sent the stock soaring on the strong earnings beat.
Snap shares are up about 23% this year. It added 8.9 million daily active users in the final three months of the year, more than any other quarter of the year. Shares were trading up more than 25 percent after hours. The business had revenue of $207.90 million during the quarter, compared to the consensus estimate of $236.71 million. SunTrust Banks reaffirmed a "sell" rating and issued a $10.00 target price on shares of Snap in a research report on Thursday, October 12th. Despite launching its own TV shows as well as those in collaboration with big-name companies like NBC, ESPN and MGM Television, Snap has struggled to win over new users, and even saw a major partner like CNN end its daily Snapchat show. Those bets appear to be paying off.
"Our business really came together towards the end of a year ago", saidEvan Spiegel, Snap's CEO, in a statement.
USA should not run on anti-peace pathway, says China
China will resolutely stick to peaceful development and pursue a national defence policy that is defencive in nature, Ren said. Trump ordered a year ago, the revision, led by the Pentagon of the USA nuclear arsenal and the policies that govern it.
The company has also suffered from unfavorable comparisons to Facebook Inc.'s Instagram, which is rapidly expanding and aggressively copying Snapchat's most-popular features. "Compared to the old design, core metrics around content consumption and time spent in the redesigned application are disproportionately higher for users over the age of 35, which bodes well for increasing engagement among older users as we continue to grow our business".
If you want to know how a company like Snap can lose nearly $3.5 billion in a year, look no further than stock rewards to engineers.
Internet companies commonly use stock awards as a way to lure developers in a highly competitive market, where cash-rich companies like Google and Facebook can pay much higher salaries.
Since an ICC event is incomplete without an India vs Pakistan encounter, the U-19 World Cup saw one too, in the semi-finals. As for the present, though, Dravid was pleased, especially because India went through the campaign undefeated.
The authors note that there are several overlapping risk factors for CVD and breast cancer, including obesity and smoking. Tamoxifen adversely affects clotting parameters and increases the risk of venous thrombosis and thromboembolism.
Some suggested that Melania kept her arms and hands inside the coat, not inside the sleeves, to avoid holding Trump's hands. Footage showing how Melania Trump left her husband in front of journalists with cameras has recently been released online.
Trump has imposed individual and economic sanctions on Venezuela's government, accusing it of rights abuses and corruption. China "is using economic statecraft to pull the region into its orbit", an American official was reported stating.
Brighton have scored just five goals in their last 13 Premier League games, failing to find the net on nine occasions in that run. Michail Antonio is back in the squad following his disclipine from David Moyes for coming late twice to team meetings this week.
The Fed's move is the latest and most serious regulatory action against the bank over the past year and a half. The Fed set a September 30 deadline for the bank to outline reforms and have them reviewed by an outside firm.
Jones , who is famed for his psychological banter, said: "I'm excited by our prospects, particularly as we have been written off". Two French players, Matthieu Jalibert and Antoine Dupont , suffered serious knee injuries; their tournaments are probably over.
Tottenham Hotspur have played out a 2-2 draw with Liverpool away from home at Anfield in the Premier League this evening. That was a decision of all of us, we think they are ready. "Because they showed the character that they showed".
Powerful Taiwan natural disaster kills 2, topples buildings
A magnitude-6.4 quake struck Taiwan's northeastern coast Tuesday, causing buildings to collapse and bury people beneath debris. On February 6, 2016, an natural disaster with a magnitude of 6.4 struck 28 km northeast of Pingtung City in southern Taiwan.
Bitcoin slides below $6000; half its value lost in 2018
Ripple's XRP crypto token is hovering around the $0.63 price tag on Tuesday after falling from $0.83 (£0.59) on Sunday. Other worries are plaguing the digital currency market, particularly around a cryptocurrency called tether.
Cell Phones Cause Cancer: An Old Study With New Results
The threat that radiation from wireless devices could be a public health risk only mounts with today's report from the NTP. Years of research have still not reached a conclusion on whether or not cellphones cause cancer.
Powell proud of Blitzboks efforts despite final result
England beat Russian Federation 47-0 and Papua New Guinea 27-0 before falling to South Africa in the pool decider. Four tournaments, four different winners - this year's Sevens World Series continues to surprise and entertain.
Health officials to give update on Louisiana Flu cases
Additionally, if a child appears to be improving and suddenly worsens could be showing signs of a secondary bacterial infection. What should I do if I get sick? And wash them right : scrub your hands with soap and water for at least 20 seconds.
England scrum-half Youngs in doubt for rest of 6 Nations
Center-back Ben Te'o has been picked instead of Jonathan Joseph for England's Six Nations match against Italy in Rome on Sunday. Defensively we made a couple of errors and Italy were able to capitalise on them but they're something we can work on and fix.
Northeast at heart of Act East Policy: Modi
The summit is likely to see the participation of over 5,000 delegates from across the world, including Asean countries. He said the Government of Assam is fully geared up for its first maiden Global Investors' Summit.
Sensex crashes 800 points; Nifty slips below 10800
However, budget is aimed at spurring demand from Rural India & masses going forward to take care of India growth story. Also, the NSE Nifty dipped below the 10,900-mark to trade at 10,826.50, down by 190.40 points, or 1.72 per cent.