Snap's stock cratered Wednesday after a bad earnings report, falling nearly to its IPO price.
ADVERTISEMENT
Snap is back within cents of its IPO price
Snap is hovering right above $17 after falling 24% after its earnings.
null
ADVERTISEMENT
Recommended articles
After-hours, the stock is hovering just above $17, down 24% after Snap's revenue and daily active user growth missed Wall Street expectations.
Here are the key numbers from Snaps Q1 earnings:
- EPS (adjusted):
- Revenue:
- Daily active users:
- 36% from 122 million in the year-ago period
- Net loss:
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Africa's gaming gold rush: Unveiling the surge in online gambling
Seven African countries added to Meta's AI service coverage
10 African countries with the lowest inflation rates in 2024
Davido launches his label Nine+ in partnership with UnitedMasters
Nigeria's economic ranking drops to fourth in Africa
Moscow inaugurates its House of Africa
The CBN justifies $2b billion loss in forex, dispelling Naira defense claims
10 best airports in Africa in 2024
