Friday, May 12, 2017

Snap Inc. (SNAP) Tumbled To A New Low After Hefty Q1 Loss

Snap Inc. (SNAP) reported a first quarter net loss of $2.31 after the close Wednesday, compared to the loss of $0.14 a year ago. Revenues increased to $149.6 million from $38.8 million last year. Analysts expected a loss of $0.19 per share and revenues of $157.98 million.

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