Snap: Q1 Earnings Snapshot

SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Snap Inc. (SNAP) on Thursday reported a loss of $305.1 million in its first quarter.

The Santa Monica, California-based company said it had a loss of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The company behind Snapchat posted revenue of $1.19 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $1.12 billion.

For the current quarter ending in June, Snap said it expects revenue in the range of $1.23 billion to $1.25 billion.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SNAP at

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