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Snap shares sink after it misses on revenue, earnings, and user growth 

In its first earnings statement as a publicly traded company, Snapchat’s owner didn’t come anywhere near analyst estimates for revenue or earnings. Revenue was $149 million versus estimates of $157 million. Losses were $2.31 per share versus estimates of 61 cents per share. User growth was not as impressive as some had hoped, inching up … Continue reading “Snap shares sink after it misses on revenue, earnings, and user growth “

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In its first earnings statement as a publicly traded company, Snapchat’s owner didn’t come anywhere near analyst estimates for revenue or earnings. Revenue was $149 million versus estimates of $157 million. Losses were $2.31 per share versus estimates of 61 cents per share. User growth was not as impressive as some had hoped, inching up from $122 million a year ago to $166 million. The results have sent its stock shooting down 20% in after-hours trading.  

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[Photo: Flickr user Anthony Quintano]

About the author

Ruth Reader is a writer for Fast Company. She covers the intersection of health and technology.

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