Snap Shares Surge 6% After Earnings Beat
Generado por agente de IAHarrison Brooks
martes, 4 de febrero de 2025, 4:28 pm ET1 min de lectura
SNAP--
Snap Inc. shares rallied in extended trading on Tuesday after the company reported better-than-expected fourth-quarter results. Here's how the company did compared with Wall Street's expectations:
* Earnings per share: 16 cents adjusted vs. 14 cents expected, according to LSEG
* Revenue: $1.56 billion vs. $1.55 billion expected, according to LSEG
* Global daily active users: 453 million vs. 451.1 million expected, according to StreetAccount
* Global average revenue per user: $3.44 vs. $3.44 expected, according to StreetAccount
Snap's revenue for the fourth quarter increased 14% from $1.36 billion a year earlier. Net income in the quarter was $9.1 million, or a penny a share, compared with a net loss of $248 million, or 15 cents a share, in the prior year.
Snap said that it expects first-quarter revenue to come in between $1.325 billion and $1.36 billion, higher than Wall Street projections of $1.33 billion. However, Snap's first-quarter adjusted earnings will fall in the range of $40 million to $75 million, below analyst expectations of $78.5 million.
Snap's shares jumped in extended trading, with the stock up over 6% at the time of this writing. The company's strong performance in the fourth quarter and its optimistic guidance for the first quarter have likely contributed to the stock's rally.
Snap Inc. shares rallied in extended trading on Tuesday after the company reported better-than-expected fourth-quarter results. Here's how the company did compared with Wall Street's expectations:
* Earnings per share: 16 cents adjusted vs. 14 cents expected, according to LSEG
* Revenue: $1.56 billion vs. $1.55 billion expected, according to LSEG
* Global daily active users: 453 million vs. 451.1 million expected, according to StreetAccount
* Global average revenue per user: $3.44 vs. $3.44 expected, according to StreetAccount
Snap's revenue for the fourth quarter increased 14% from $1.36 billion a year earlier. Net income in the quarter was $9.1 million, or a penny a share, compared with a net loss of $248 million, or 15 cents a share, in the prior year.
Snap said that it expects first-quarter revenue to come in between $1.325 billion and $1.36 billion, higher than Wall Street projections of $1.33 billion. However, Snap's first-quarter adjusted earnings will fall in the range of $40 million to $75 million, below analyst expectations of $78.5 million.
Snap's shares jumped in extended trading, with the stock up over 6% at the time of this writing. The company's strong performance in the fourth quarter and its optimistic guidance for the first quarter have likely contributed to the stock's rally.
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