Technology
Snap Q3: revenue up 6% YoY to $1.13B, vs. $ 1.14B est., global DAUs up 19% YoY to 363M, vs. 358.2M est., net loss of $360M, up from $72M YoY; stock is down 20%+ (Jonathan Vanian/CNBC)
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Jonathan Vanian / CNBC:
Snap Q3: revenue up 6% YoY to $1.13B, vs. $ 1.14B est., global DAUs up 19% YoY to 363M, vs. 358.2M est., net loss of $360M, up from $72M YoY; stock is down 20%+ — – Snap beat analysts’ expectations on earnings per share but missed on revenue. — The company’s board authorized a stock repurchase program of up to $500 million.
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