Snap Inc's original shows and rebuilt Android app helped it add Snapchat us...
- Snap Inc’s original shows and rebuilt Android app helped it add Snapchat users for the first time in three quarters and top analyst revenue forecasts, but that was not enough to push its shares much higher after a sharp run-up this year.
Chief Executive Evan Spiegel has worked to turn Snap’s business around while the company largely avoided privacy and other scandals plaguing bigger rivals like Facebook Inc. Shares of the company, which rose 12 percent immediately after the results, gave up most of their gains to trade up marginally at $12.26 in after-market trading. They have more than doubled in value so far this year.
Snap’s revenue, which it earns from selling advertising on the app, jumped 39 percent to $320.4 million and beat Wall Street’s average estimate of $306.6 million. Snap’s focus on privacy and communication between friends has helped it avoid problems with misinformation and the spread of abusive content, which have been an issue for Facebook and Google’s YouTube, two of Snap’s main rivals for digital ad dollars.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Snap returns to user growth on new shows, Android app; shares jumpSnap Inc on Tuesday beat Wall Street targets for quarterly revenue as its photo-...
और पढो »
Snap's 110% moonshot this year still isn't enough to get Wall Street rooting for itSnapchat parent company Snap is scheduled to report first-quarter earnings after the bell on Tuesday.
और पढो »
LIVE: Here comes Snap's Q1 2019 earnings...Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
और पढो »
LIVE: Snap stock jumps after beating expectations on revenueSnapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
और पढो »
LIVE: Snap beat Wall Street's expectations for Q1 2019, and its stock is soaringSnapchat parent company Snap announced its Q1 2019 earnings after markets closed on Tuesday.
और पढो »
Here are the biggest analyst calls of the day: Morgan Stanley, J.M. Smucker, Snap, Yelp & moreHere are the biggest calls on Wall Street on Thursday
और पढो »
Snap stock surges after user growth beats estimates and losses narrowSnap Inc. shares were soaring 8% in after-hours trading Tuesday after the social-media company beat expectations with its latest financials and user numbers.
और पढो »
Snap could see a 15% move when it reports earnings, traders sayThe options market implies a post-earnings move of 15% in either direction for the social media giant's stock, and trader Dan Nathan sees more potential risk than reward.
और पढो »
Snap to report first-quarter earnings after the bellSnap investors will be looking for signs that last quarter's user growth was no fluke.
और पढो »
Snap has three years to make a profit before it runs out of moneySnap has to raise user numbers and cut costs while fighting off Facebook’s plan to neutralize all and any competition. The pressure is on.
और पढो »