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The Snap holiday district beat Wall Street forecasts, a rare good news for the struggling company.
The company has exceeded both the revenues and expectations of badysts. Better still, he announced that his number of daily active users, which had dropped in the previous two quarters, remained stable over the period.
Investors applauded the results. In recent transactions after normal business hours, equities rose $ 1.07, or 15.2%, to $ 8.09 per share.
Analysts have modest expectations for the company's fourth quarter, anticipating an improvement in Snap's financial and financial results, but a significant loss for the company.
Read it: Snap's stock was "very weak". Here's what badysts think before profits.
Here's what Wall Street is waiting for and how its predictions compare to Snap's results from the previous year:
- Fourth quarter (Q4) sales figure: $ 377.48 million. In the fourth quarter of 2017, Snap achieved a turnover of $ 285.69 million.
- Earnings per share in the fourth quarter: A loss of 19 cents. A year earlier, the company had lost 28 cents a share.
- First quarter revenue (Q1): $ 306.28 million. In the first quarter of last year, Snap achieved sales of $ 230.67 million.
- Q1 EPS: A loss of 24 cents per share. A year ago, the company had lost 30 cents a share in the same period.
Snap has had problems almost since its inception on the paper markets. The company's shares have declined by almost 50% over the last year and have further declined relative to the price of its initial public offering two years ago. Its number of daily active users has decreased in each of the last two quarters. He burns tons of money. And he continues to lose senior leaders, most recently Tim Stone, chief financial officer, who has to leave after Tuesday's report.
Shares of the company closed their ordinary trading on Tuesday up 9 cents, or 1.3 percent, to $ 7.02 per share.
Get the latest course of action Snap here.
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