toptestmotor.com
toptestmotor.com Diciembre 11, 2017


Snap Grows Daily Users to 173 Million, But Delivers Disappointing Earnings

11 Agosto 2017, 10:03 | Azura Castelo

Snapped

Snapped

Snap 2Q 2017 earnings were released after closing bell tonight, and the company reported losses of 36 cents per share on $181.7 million in revenue.

Snapchat parent Snap Inc (NYSE: SNAP) reports second-quarter earnings after market close on Thursday, August 10.

Another number investors were paying keen attention to was the size of the company's user base. Snapchat's DAUs came in at 173 million, an increase of 7.3 million over the first quarter's 166 million.

Snap is down 26.47% since its initial public offering, not including Thursday's after hours plunge.

The brass at Snap kept talking about "early days" after announcing disappointing results, but investors reacted as if the end was near.

For a few months, Snap's stock stayed above its I.P.O. price. They debuted on the stock market at $17.

In after hours trading, shares of the company are down almost 13%.

Global Equities Research analyst Trip Chowdhry stamped Snap "total junk", arguing that it lacks the fundamentals to succeed.

Snap CEO Evan Spiegel's comments about "growth hacking" were not entirely satisfactory for one Wall Street analyst.Michael Kovac/Getty Images for Vanity FairA Wall Street analyst upstaged Snap CEO Evan Spiegel on the company's Q2 conference call thanks to a classic "hot mic" snafu.

Media stories about Snap (NYSE:SNAP) have been trending somewhat positive recently, Accern Sentiment reports.

What's more, 4 million of those new users came from the US and Canada, the market that's best monetized by Snapchat. Suffice it to say, the recent June quarter was an important one for Snap Inc., especially as Facebook continues to steal features from Snapchat and implement them with great success. Canaccord Genuity restated a "hold" rating and set a $22.00 target price on shares of Snap in a report on Friday, May 12th.

A focus on potential long-term gains instead of current financial performance is a common theme for Snap, which just began deriving revenue from its popular Snapchat app in 2015.

The share price fall extended a decline that started nearly immediately after Snapchat started trading on the stock market this spring.

Snap shares were down 13.36 per cent at $11.93 in extended trading. The company only added only eight million daily users that quarter, which was the smallest sequential add the company mustered in three years. Oppenheimer & Co. Inc. now owns 19,816 shares of the company's stock valued at $352,000 after buying an additional 3,447 shares during the period.



Otras noticias

Tendencias Ahora

The Last Jedi' Pics Reveal New Characters!
They speak exclusively in their native tongue, which director Rian Johnson says is "a blubbery sort of Scottish fish talk". Johnson states he didn't want Luke to be alone so he populated the island with various aliens such as the cute Porgs.

US Scientists Step Up Their Game To Fight Trump's Anti-Science Agenda
The study will be included in the National Climate Assessment , which is mandated by Congress every four years. And it states unequivocally that "greater emissions lead to significantly more warming".

Dominion Energy Midstream Partn (NYSE:DM) Sees Significantly Higher Trading Volume
After this purchase, 50,392,301 common shares of DM are directly owned by the insider, with total stake valued at $1,332,876,361. It dived, as 22 investors sold EQM shares while 55 reduced holdings. 103 funds opened positions while 348 raised stakes.

Arsene Wenger expects female manager in Premier League soon
They've spent big on some quality additions to the squad but are looking increasingly likely to lose Riyad Mahrez. Arsene Wenger has refused to rule out the possibility of Alexis Sanchez signing a new contract with Arsenal .

Barcelona face battle on 2 fronts in Coutinho attempt
Nathaniel Clyne is also absent as the right back has missed the entirety of Liverpool's pre-season programme. He has improved a lot since I've been here and he can still improve a lot. "We are not in that situation".

Kenyans line up to vote for a new president
Nevertheless the normally traffic-choked streets of Nairobi remained deserted as the country held its breath over the results . Voting has passed off largely peacefully and the electoral commission has urged people to wait calmly for all the results .

Republicans brace for dissatisfied voters this summer
That figure holds across party lines, with only about one in five on each side saying they approve of Congress's work so far. During a May 11 interview with NBC News, Trump said the Russian Federation probe factored into his decision to remove Comey.

Samsung Galaxy Note 8: Its design confirmed by a promotional image
Second, multiple people with inside knowledge of the phone (myself included ) have stated that the images are likely legitimate. Samsung's next premium smartphone Galaxy Note 8 is expected to be fitted with a 6.3-inch AMOLED display and dual rear cameras.

Arsenal v Leicester: Premier League preview, line-ups & predictions
Both teams will be keen to start the season with a win, having suffered opening-day losses 12 months ago. Howard in an effort to surround their franchise quarterback with more playmakers.

Conte, Cahill Regret Sale Of Matic To Manchester United
Chelsea lost to both Inter Milan and Bayern Munich in pre-season before producing a flat display against Arsenal on Sunday. A move to Chelsea is just what the doctor ordered to get the Spaniard's career back on track.