Tajuk : Snap is back to its IPO price
link : Snap is back to its IPO price
Snap is back to its IPO price
Snap’s stock cratered Wednesday after a bad earnings report, falling nearly to its IPO price.
After-hours, the stock is hovering just above $17, down 24% after Snap’s revenue and daily active user growth missed Wall Street expectations.
The company priced its stock at $17 when it went public on March 2. It opened trading at $24 after the IPO and has held fairly steady since. It closed regular trading on Wednesday at $22.98.
However, the stock plunged after the company’s earnings, dropping down to near its original IPO price. Investors soured on the stock after Snap Inc. missed Wall Street expectations for its first quarterly earnings as a public company. Its Snapchat app reported that user growth slowed to its lowest pace in years.
Here are the key numbers from Snap’s Q1 earnings:
- EPS (adjusted): Net loss of $0.20 vs. $0.16.
- Revenue: $149.6 million vs. $159 million expected, up 286% from $39 million in the year-ago period.
- Daily active users: 166 million, an increase of 36% from 122 million in the year-ago period.
- Net loss: $2.2 billion.
Get the latest Snap stock price here.
NOW WATCH: This man spent 6 weeks working undercover in an iPhone factory in China — here’s what it was like
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Snap’s stock cratered Wednesday after a bad earnings report, falling nearly to its IPO price.
After-hours, the stock is hovering just above $17, down 24% after Snap’s revenue and daily active user growth missed Wall Street expectations.
The company priced its stock at $17 when it went public on March 2. It opened trading at $24 after the IPO and has held fairly steady since. It closed regular trading on Wednesday at $22.98.
However, the stock plunged after the company’s earnings, dropping down to near its original IPO price. Investors soured on the stock after Snap Inc. missed Wall Street expectations for its first quarterly earnings as a public company. Its Snapchat app reported that user growth slowed to its lowest pace in years.
Here are the key numbers from Snap’s Q1 earnings:
- EPS (adjusted): Net loss of $0.20 vs. $0.16.
- Revenue: $149.6 million vs. $159 million expected, up 286% from $39 million in the year-ago period.
- Daily active users: 166 million, an increase of 36% from 122 million in the year-ago period.
- Net loss: $2.2 billion.
Get the latest Snap stock price here.
NOW WATCH:
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2plGnYP
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Snap is back to its IPO price
Kini anda membaca artikel Snap is back to its IPO price dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/snap-is-back-to-its-ipo-price.html
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