Snap Rose Nearly 2% in Premarket Trading as Daily Active Users Beat Estimates

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Snap Rose Nearly 2% in Premarket Trading as Daily Active Users Beat Estimates

Tiger Newspress2022-04-22

Snap rose nearly 2% in premarket trading as daily active users beat estimates.It reported a Q1 adjusted loss Thursday of $0.02 per diluted share, compared with a break-even point a year earlier.

Revenue for the quarter ended March 31 was $1.06 billion, up from $769.6 million a year earlier.

Daily active users increased 18% annually to 332 million, versus the analyst consensus on Visible Alpha indicating 330.2 million users.

The company expected Q2 revenue growth of 20% to 25%, versus the Visible Alpha consensus for 27.6% growth.

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JC888
·2022-04-22
Looks like social media shares are not Wall Streets "Darlings" of the moment. So despite Snap's decent performance announced yesterday it fell 4.36%. Pre market price not too appealing as well.. Oh dear.
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ryanc
·2022-04-22
Ok
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whywhywhywhy
·2022-04-22
[Grin]
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Mic6226
·2022-04-22
Good
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1nquisit0
·2022-04-22
Please like
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