Snapchat stock soars 20% after ending losing streak
07 February, 2018, 01:51 | Author: Martin Tyler
Snap shares lifted 18 percent in after-hours trade to $16.62 following the fourth quarter update for the company known for its ephemeral smartphone messages and other online content. Daily active users grew by 8.9 million during the quarter to 187 million. Also, its $286 million in revenue beat analyst expectations by more than $30 million, a turnaround form the third-quarter when Snap fell short of Wall Street's forecasts.
The company expects its year-over-year revenue growth rate to moderate in the current quarter compared with the fourth quarter, Chief Financial Officer Drew Vollero said.
In a letter to investors issued today, Spiegel lays out the case for Snap's eagerness and efficiency at responding to growing competition from Facebook and slowing growth internally. The company's stock chart Tuesday afternoon looked similar to the trajectory of Elon Musk's SpaceX rocket, launched into outer space just minutes before Snapreported - straight up.
Facebook recorded stock-based compensation of $1.6 billion the year it went public, but generated over $5 billion in sales.
In addition, quarterly revenue of $253 million would bring its full-year revenue to $793 million. The company's revenue for the quarter was up 62.2% on a year-over-year basis. Snap's revenue previous year grew about 104 percent to $824.9 million.
"Our business really came together towards the end of past year", Spiegel said in remarks prepared for a conference call with analysts.
U.S. reviews nuclear arsenal in wake of Nokor threats The Trump nuclear doctrine breaks with Obama's in ending his push to reduce the role of nuclear weapons in US defense policy. It is the first time since 2010 that the US military has enunciated how it foresees nuclear threats in the coming decades.
Snapchat has sought to distinguish itself from Facebook with a design that "separates social from media", according to Spiegel, who said this helps avoid "many of the problems that arise when friends are commingled with professional content creators".
Advertising revenue rose 74 percent to $281 million, as companies advertised more in the crucial holiday quarter. Some of those costs are due to expensive cloud services deals with Google and Amazon that once signaled that Snap was bracing for an explosion of user growth.
Even though Snap wasn't vocal about its release, Snapchat's new Do Not Disturb comes at a time when more people in the tech industry are talking about smartphone addiction.
Israel legalizes West Bank outpost after settler killed Israel's Cabinet approved a proposal that begins the process of legalizing the Gilad Farm outpost in the northern West Bank. Last week, Israeli forces killed a Palestinian man and demolished four homes during a raid in Jenin in search of Jarrar.
It is worth including that in the leading 20 best trading list, Nintendo Switch is the solitary console present. Nintendo now expects an increase in operating profit and revenue for the end of their financial year in March.
Nonfarm payrolls jumped by 200,000 jobs last month after rising 160,000 in December, the Labor Department said on Friday. Technology companies were leading stocks broadly lower in early trading, extending the market's slide into a second day.
He succeeds Dick Advocaat , who stepped down after the team's failure to reach this summer's finals in Russian Federation . Former Everton manager Koeman has been out of a job since he was dismissed by the Premier League club back in October .
The Colts, mostly because of Luck, were able to maneuver and land McDaniels after he became a hot commodity again. Louis Rams offensive coordinator, which everyone has forgotten by now) back with the New England Patriots .
Speaking in front of cameras in Seoul, Lee said his time behind bars had been a "really valuable" period of self-reflection. His absence hasn't impacted Samsung's business, which has posted a series of record financial returns over the past year.
Mr Assange's team argued the United Kingdom warrant should be withdrawn as it "lost its objective and function". Julian Assange speaks to the media from the balcony of the Embassy Of Ecuador on May 19, 2017 in London .
A Colorado Springs deputy was shot and killed while conducting a stolen auto investigation on Monday. Police are asking people to avoid the area of North Murray Boulevard and Galley in Colorado Springs .
The island's worst tremor in recent decades was a 7.6- magnitude quake in September 1999 that killed around 2,400 people. Other buildings shifted on their foundations and rescuers used ladders, ropes and cranes to get residents to safety.
For now, we are stoked that we finally received a substantial piece of news regarding Westworld Season 2. HBO tonight also confirmed the premiere date: Westworld season two will debut April 22nd.
Man Wanted For Criminal Sexual Conduct With a Child
According to the Chicago Sun-Times, social media users began contacting authorities "regularly" to report the video Friday night. WSFA-TV reports that 44-year-old Germaine Moore turned himself into Millbrook Police around 2:30 a.m.
Taliban bomber kills 11 soldiers in Pakistan's Swat Valley
Prime Minister Abbasi said the war against terrorism will continue till the elimination of the last terrorist from Pakistan. The Pakistani Taliban claimed responsibility for the attack, one of the deadliest against the military in recent years.
Omar Abdullah condemns Jammu and Kashmir hospital attack
The attack ended with the terrorists escaping into the narrow lanes and bylanes of downtown Srinagar , a police official said. Two Lashkar militants rained bullets at the police party and fled in a vehicle towards downtown Srinagar .
Sensex, Nifty tumbles over 3.6 pc after global sell-off
At 10:18 am: The key equity indices seem to be continuing their free-fall with Sensex and Nifty again falling sharply. Australian shares dropped 3.0 percent to their lowest since October while South Korean shares fell 3.0 percent.
Paul Ryan ridiculed for tax cut tweet, deletes it
Ryan's tweet was the latest show of Republicans patting themselves on the back for the tax bill, which slashed corporate taxes. Ryan's Democratic opponent, Randy Bryce, used the blunder as a fund-raising opportunity.
TDP to raise 'injustice to Andhra' in parliament
Union home minister Rajnath Singh appears to have salvaged from brink the tottering TDP-BJP alliance, at least for the time being. We will tell them we are committed to the interests of Andhra Pradesh.