Snap is getting absolutely crushed after falling short of Wall Street’s expectations

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Wednesday, 10 May 2017

Snap is getting absolutely crushed after falling short of Wall Street’s expectations

Wednesday, 10 May 2017 by Muhammad Ifzal

Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The company said it brought in $149.6 million in revenue with an adjusted loss of 20 cents per share in the first quarter this year. Meanwhile, analysts expected the company to report an adjusted loss of 16… Read More