Snap Inc. reported quarterly sales that missed Wall Street estimates, sending the stock down about 12%.
Snap Inc. reported quarterly sales that missed Wall Street estimates, sending the stock down about 12% in extended trading.
The owner of the Snapchat app last year executed a turnaround after a much-criticized redesign, a host of executive departures and job cuts, and a rocky 2017 initial public offering. The stock is up about 16% this year and closed at $18.98 in New York earlier on Tuesday. The company still isn’t profitable.
The company added more users than expected in the fourth quarter, as people downloaded a better Android version of the photo-chat app.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Snap Inc. Swings To Profit In Q4 On 17% Rise In Users; Revenue Misses TargetSnapchat parent Snap Inc. swung to an adjusted profit of three cents per share in the fourth quarter, an improvement from a loss of four cents a share. Wall Street analysts had expected the company…
Weiterlesen »
ViacomCBS Stock Dips With Wall Street In ‘Show Me’ Mode Ahead Of EarningsShares of ViacomCBS slumped Monday amidst a broader market recovery as a few Wall Streeters a suggested a wait-and-see attitude to the company’s merger. The stock was down 3.46% in mid-aftern…
Weiterlesen »
Tech stocks, upbeat U.S. factory data help Wall Street reboundU.S. stocks rose on Monday, with gains in Amazon and technology stocks as well a...
Weiterlesen »
Stocks rise on Wall Street, but virus worries remainStocks rose in much of the world Monday, but markets are still far from giving the all-clear on the coronavirus.
Weiterlesen »
WarnerMedia Faces Wall Street 'Pressure' Ahead of HBO Max LaunchAT&T CFO John Stephens said pressure from heavy HBOMax investment not only dented its fourth-quarter financials but will keep doing so for the first half of 2020
Weiterlesen »
Wall Street might actually be fine with Sanders moving to the front of the Democratic packA clash between President Donald Trump and the Vermont democratic socialist gathered more chatter Tuesday amid reports that Sanders showed impressively the day before in Iowa and is pushing closer to the front of the Democratic pack.
Weiterlesen »