Snap Inc. shares were initially up double digits in after-hours trading Tuesday after the company beat user-growth expectations, but the stock gave back most of its gains before its conference call began. The company reported a first-quarter net loss of $310 million, or 23 cents a share, compared with a net loss of $386 million, or 30 cents a share, in the year-earlier quarter. A year ago, Snap reported a 17-cent loss per share. Read More...
Snap stock pares back post-earnings gains
Snap Inc. shares were initially up double digits in after-hours trading Tuesday after the company beat user-growth expectations, but the stock gave back most of its gains before its conference call began. The company reported a first-quarter net loss of $310 million, or 23 cents a share, compared with a net loss of $386 million, or 30 cents a share, in the year-earlier quarter. A year ago, Snap reported a 17-cent loss per share.
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