Snap Inc. Shares Jump 25% After Strong Q4 Results

On average, analysts estimated $252.95 million in revenue and a loss of 16 cents a share. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. The shares were sold at an average price of $12.42, for a total transaction of $20,529,837.72. This means a large number of shares have been sold before they have actually been purchased. However, they can be more hard for brands to buy, so they contribute a smaller share of Snap's revenue.

Excluding items, Snap reported a loss of 13 cents. Nelson Roberts Investment Advisors LLC boosted its stake in shares of Snap by 10,033.0% during the 3rd quarter. The firm had revenue of $207.90 million during the quarter, compared to analysts' expectations of $236.71 million. First Manhattan Co. now owns 7,631 shares of the company's stock valued at $110,000 after acquiring an additional 6,056 shares during the period. This explains why the shares bolted much higher on the news. The revenue numbers were more than $30 million over the $253 million that had been expected.

"Our business really came together toward the end of past year", said Spiegel on Tuesday, according to CNN.

"We ended 2017 confident that we can grow our Snapchat community and monetize our products more efficiently than ever before", Spiegel said.

Snapchat daily active users (DAUs) were 187 million, up 18% year over year.

Snapchat maker Snap's stock price is through the roof today after the self-destructing-image flinger managed to lose only slightly less money than analysts predicted. You can easily see the support line, the resistance line, and the area where the shares will likely open on Wednesday morning in the blue retangle area. We measure average Daily Active Users for a particular quarter by calculating the average Daily Active Users for that quarter.

"This quarter was a major step in the right direction for the company", Ives wrote in an investor note Tuesday. The price action went sideways to downwards slightly for an hour or two and then closed at $17.07.

Snap Inc, formerly Snapchat, Inc, is a camera company.

User growth is a figure all eyes will be scanning for as Snapchat looks to demonstrate that it can compete with Facebook-owned Instagram; the two share similar Story features. Both Snap, with its Snapchat app, and Facebook's Instagram provide a mobile communications platform used for sharing photos and videos, with social networking features.

Snapchat, which was originally designed as, and found success in being, the answer to the uber-connectedness and constant validation of already-established social media platforms like Facebook, Twitter, and Instagram, was beginning to see its star fade a bit as those aforementioned platforms incorporated (copied, you might say?) the things that made Snapchat so unique.


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