Snap shares fall as net losses continue to grow
Posted on: 11 août 2017, by : Stuart Dredge

Snapchat’s parent company Snap reported its latest quarterly financial results overnight, and the sight of its share-price plummeting tells you what the markets thought of the figures.
The company’s revenues were up 153% year-on-year to $181.7m, but its net losses increased even more sharply: from $115.9m in Q2 last year to $443.1m last quarter. The problem for Wall Street is that analyst had predicted higher revenues and smaller losses for the quarter.
The post Snap shares fall as net losses continue to grow appeared first on Music Ally.
Source: Music ally

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