Snap’s Earnings Fall Short of Expectations

Snap Inc. on Tuesday said revenue rose 54% in the first quarter from a year ago, but that missed analyst estimates and fell nearly 20% short of the previous quarter as efforts to wrest a larger share of advertisers’ budgets were impeded by Facebook Inc. and Alphabet Inc.’s Google.

The Venice, Calif.-based company’s shares were down 16% in after-hours trading.

A…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *