“Snap pops more than 16% on earnings beat and user growth”
July 23, 2021
“Snap’s stock jumped after the company reported Thursday its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth.
Here’s what Snap reported versus Wall Street’s estimates:
- Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by Refinitiv
- Revenue: $982 million vs. $846 million forecast by Refinitiv
- Global daily active users (DAUs): 293 million vs. 290.3 million per StreetAccount
- Average revenue per user (ARPU): $3.35 vs. $2.92 per StreetAccountt
Shares of Snap traded more than 16% higher before the bell on Friday…”
https://www.cnbc.com/2021/07/22/snap-snap-earnings-q2-2021.html