Snap Stock Soars After Earnings Report
  • 6 years ago
Snap soars over 20%, ahead of IPO price, on strong earnings beat Shares of the stock soared 28 percent after their fourth-quarter earnings report. Snap revenue was $285.7 million versus the $252.9 million estimated by Thomson Reuters. The company grew revenue 72 percent year-over-year. Snap also beat estimates when it came to global daily active users, with 187 million vs. 184.2 million . Snap announced during the previous quarter it was redesigning its app to attract new users and usher in new ways to monetize its app.
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