Earnings

Snap earnings Q1 2022

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CEO of Snap Inc. Evan Spiegel walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.

Kevin Dietsch | Getty Images

Snap missed Wall Street expectations for profit and sales, and forecast disappointing revenue growth in the current quarter, when it reported first-quarter results on Thursday. However, daily users grew 18% annually, more than expected.

Snap was down about 4% at one point before recovering to rise over 7% at one point in volatile extended trading.

Here are the key numbers:

  • Earnings per share: A loss of 2 cents versus expected earnings of 1 cent, according to a Refinitiv survey of analysts
  • Revenue: $1.06 billion versus $1.07…



Source cnbc.com

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