SNAP - Snap Shares Soar On Better-Than-Expected Q1 Results Daily Active User Growth Q2 Revenue Guidance | Benzinga
Snap Inc. (NASDAQ:SNAP) shares are trading higher after the company reported its first-quarter financial results after the bell Thursday. Here's a look at the highlights.
The Details:
Snap reported quarterly earnings of 3 cents per share, which beat the analyst consensus estimate of a loss of 5 cents per share.
Quarterly sales clocked in at $1.195 billion, which beat the analyst consensus estimate of $1.12 billion by 6.74% and represents a 20.88% increase over sales of $988.608 million from the same period last year.
The company reported 422 million daily active users in the first ...