Shares in social media company Snap, which runs the youth-focused Snapchat, soared nearly 25 percent on Thursday after it reported more quarterly revenue than expected by analysts.
Snap revenue jumped more than anticipated and daily actives users hit 422 million for the March quarter, driving the shares up 26% after hours.
Though Snap's growth accelerated, it still fell behind that of Meta, which reported 27% growth in its better-than-expected ...
For its first quarter ended March 31, Snap reported adjusted earnings per share of three cents, up from one cent in the same ...
Snap's political-ad revenue could reach $64.8 million in 2024 ... the market-research firm Emarketer said, so Snap will be a drop in the ocean for most political advertisers.
Trending: Suze Orman Decided To Drop Homeowners Insurance After An Outrageous ... The company is expected to report EPS of 13 ...
Meta’s shares dropped about 10% in extended trade following the report, evaporating $125 billion worth of stock market value.
More earnings from Big Tech companies roll in later today, with Microsoft and Alphabet reporting after the market close.
Stellar earnings reports from Microsoft Corp. and Alphabet Inc triggered an after-hours tech rally that sent US futures higher. A selloff in Treasuries drove benchmark yields to new highs for the year ...
Snap has issued a positive revenue forecast for the second quarter, projecting between $1.23 billion and $1.26 billion, which ...
Snap-on (NYSE:SNA) on Thursday fell as much as 6.7% after the maker of hand tools reported first-quarter revenue that was less than expected. Revenue was little changed from a year earlier at $1. ...
Meta CEO Mark Zuckerberg, who floored Wall Street last year with his cost-cutting drive, said on a post-earnings call that costs would grow "meaningfully" over the coming years before the company ...