A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City.
Lucas Jackson | Reuters
Snap’s stock rose as much as 6% in after-hours trading on Thursday after the company reported its first-quarter results, in which it beat Wall Street’s expectations on earnings, revenue and user growth.
Here’s what Snap reported versus Wall Street’s estimates:
- Adjusted loss per share: 0 cents vs. 6 cents forecast by Refinitiv
- Revenue: $770 million vs. $743.8 million forecast by Refinitiv
- Global daily active users (DAUs): 280 million vs. 274.62 million per FactSet
- Average revenue per user (ARPU): $2.74 vs….