Snap Smashes Fourth-Quarter Revenue Estimates, Stock Jumps

Feb 07, 2018, 01:23
Snap Smashes Fourth-Quarter Revenue Estimates, Stock Jumps

Investors were impressed. The company's shares, which have almost halved in the past year, rose more than 20 percent in after-hours trading to $16.95.

The Venice, California-based company posted a net loss of $350 million, or 28 cents per share, compared to a loss of $170 million, or 20 cents per share, a year earlier.

Investors, who had been expecting revenue of $255 million and a loss of 33 cents per share, sent the stock soaring on the strong earnings beat.

Dennis Edwards, Former Lead Singer of The Temptations, Dead at 74
Reverend Jesse Jackson paid tribute on Twitter , writing: " Dennis Edwards , former lead, singer of the #Temptations ". Edwards was sacked from the group in 1977, and in that same year he married Ruth Pointer of The Pointer Sisters .

The results mark a rare win for Snap, whose first year as a public company has been hobbled by stagnant user growth and management departures, including the loss of its heads of product and engineering.

Snap is undergoing a company transition, which includes overhauling its Snapchat app to make it easier to use. Wall Street, however, is looking for the company to report revenue of $253 million, up 52% from Q4 2016. Analysts had expected Snap to report 184.2m users, according to FactSet.

If Snap can make real revenue for media companies, they'll be more likely to partner with Snap on things like shows or stories down the line. Twitter's expense of $600 million in 2013 was slightly less than its revenue, while LinkedIn had just a $30 million expense and $522 million in sales in 2011, the year it debuted on the market.

Big Yellow Group (BYG) Rating Reiterated by JPMorgan Chase & Co
Barclays reiterated their overweight rating on shares of Manx Telecom (LON:MANX) in a report issued on Friday, January 19th. About 981,987 shares traded or 5.85% up from the average. (SLG) has risen 3.99% since January 29, 2017 and is uptrending.

"Our business really came together towards the end of a year ago", Spiegel said in remarks prepared for a conference call with analysts. Finally, Cowen lowered Snap from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $11.00 in a research report on Thursday, January 4th.

Those design changes have put a bigger emphasis on user-to-user sharing, as opposed to content created by publishers and brands.

More recently, Snap released a new in-app merchandise store as it continues its experiments to see what users are willing to pay for.

All You Need to Know About Cervical Cancer
Then, women getting a Pap test should add a test that checks for strains of human papillomavirus, or HPV, Dominguez said. While HPV is common, only a small fraction of women infected with this virus will develop cervical cancer, she said.

Snapchat's parent company, easily just posted its best quarter since going public previous year, blowing past revenue and user growth estimates when the company reported its Q4 earnings on Tuesday.

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