LAST UPDATE: 23.42 Shares of Snap plunged about 25% in online after-hours trading after the social media company reported disappointing second-quarter results and said it would cut its hiring pace to adjust to weak revenue growth. The company’s co-founders, CEO Evan Spiegel and chief technology officer Bobby Murphy have agreed to new contracts that will […]
Tag: Snap Inc
Snap: Losses instead of profits, but an increase in users in the first quarter of 2022
Snap “lost” analysts’ estimates for both profits and revenue for the first quarter of 2022, with daily users, however, growing by 18% on an annual basis, exceeding expectations. More specifically, the company recorded a loss of 2 cents per share against provisions for earnings of 1 cent per share, according to a survey by Refinitiv. […]
Zoom Video, American Eagle, FireEye, Moderna & more
Check out the companies making headlines before the bell: Zoom Video (ZM) — The video conferencing company reported earnings of 15 cents per share on revenue of $188.3 million. Wall Street was expecting earnings of 7 cents per share on revenue of $176.5 million, according to Refinitiv. American Eagle (AEO) — The retailer’s quarterly earnings beat on […]
Ford, Snap, Match Group and more
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter […]
Dow positive, coronavirus ‘buy’ signal?, record copper losing streak
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]