Snap Inc. Reports First Quarter 2018 Results
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Snap Inc (SNAP) PT Lowered to $16 at RBC Capital
May 2, 2018 8:43 AM EDTRBC Capital lowered its price target on Snap Inc (NYSE: SNAP) to $16.00 (from $21.00) while maintaining an Outperform rating.
Analyst Mark Mahaney commented, "Snap materially missed RBC & Street estimates for both Revenue and DAUs, citing user/usage volatility re: its app redesign and advertiser tentativeness re:... More
Snap (SNAP) Reports In-Line Q1 EPS, Revenues Miss
May 1, 2018 4:16 PM EDTSnap (NYSE: SNAP) reported Q1 EPS of ($0.17), in-line with the analyst estimate of ($0.17). Revenue for the quarter came in at $230.7 million versus the consensus estimate of $243.55 million.
Daily Active Users (DAU)(1) grew from 166 million in Q1 2017 to 191 million in Q1 2018, an increase of 15% year-over-year. DAUs... More