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Snap reports q1 results as analyst eye user growth

SNAP ), the parent company of Snapchat, reported results for the first quarter on Tuesday, which declined a year ago, beat Wall Street expectations and sent the warehouse into tears. "data-response time =" 15 "> Snap Inc (SNAP), the parent company of Snapchat, reported earnings for the first quarter on Tuesday, which fell a year ago, beat Wall Street expectations and sent the shares in a tear. The company reported a loss of 10 cents per share compared to a 17 percent share table compared to the previous quarter.Revenue amounted to $ 320.4 million, compared to $ 230.7 million in the first quarter of 2018. Analysts are expected to average image sharing app to add a 12-cent loss on revenue of $ 307.44 million. The stock jumped by nearly 10% in retrospect trading, after a large rally increased 4% during the trading day. Snaps stock closed the session at $ 11.99. <p class = "canvas-atom canvastxt Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the wake of an Android software update, Wall Street was expected & nbsp; to see a recovery & nbsp; in the number of Snapchat users. The company said the daily active users were 190 million in the first quarter, up from the fourth quarter of 2018 but slightly lower than comparable years ago. " data-response time = "19"> In the wake of an Android software update, Wall Street was expected to see a recovery in the number of…

SNAP ), the parent company of Snapchat, reported results for the first quarter on Tuesday, which declined a year ago, beat Wall Street expectations and sent the warehouse into tears. “data-response time =” 15 “> Snap Inc (SNAP), the parent company of Snapchat, reported earnings for the first quarter on Tuesday, which fell a year ago, beat Wall Street expectations and sent the shares in a tear.

The company reported a loss of 10 cents per share compared to a 17 percent share table compared to the previous quarter.

Revenue amounted to $ 320.4 million, compared to $ 230.7 million in the first quarter of 2018. Analysts are expected to average image sharing app to add a 12-cent loss on revenue of $ 307.44 million.

The stock jumped by nearly 10% in retrospect trading, after a large rally increased 4% during the trading day. Snaps stock closed the session at $ 11.99.

<p class = “canvas-atom canvastxt Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm” type = “text” content = “In the wake of an Android software update, Wall Street was expected & nbsp; to see a recovery & nbsp; in the number of Snapchat users. The company said the daily active users were 190 million in the first quarter, up from the fourth quarter of 2018 but slightly lower than comparable years ago. ” data-response time = “19”> In the wake of an Android software update, Wall Street was expected to see a recovery in the number of Snapchat users. The company said that the daily active users were 190 million in the first quarter, up from the fourth quarter of 2018 but slightly lower than comparable years ago.

“The new app is 25% smaller, opens 20% faster on average and modularized for more efficient ongoing innovation,” Snap said in a statement.

“On lower performance, this resulted in an increase of 6% of the number of users who sent Snaps within the first week of upgrade “to the new Android platform, Snap added.

<p class =” canvas atom canvastext Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm ” type = “text” content = “Earlier Tuesday, Twitter ( TWTR ) increased expectations with a first-quarter results report that blew over Wall Street expectations and marked big gains in daily users, a key figure that analysts looked at . “data-reactid =” 22 “> Earlier Tuesday, Twitter (TWTR) increased expectations with a first-quarter earnings result that blew over Wall Street’s expectations and marked big gains in daily users, a key metric that is being analyzed.

For Snap, it is expected that revenues will rise to between $ 335 million and $ 360 million, representing a growth of 28% to 37% from comparable years ago.

Calling Snapchat “a button access offering advertisers access to a coveted younger demographic,” analysts at Credit Suisse on Tuesday recommended investors buy the stock, with a target of $ 13 per share.

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