SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Snap Inc. (SNAP) on Tuesday reported a loss of $153.2 million in its third quarter.
The Santa Monica, California-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company behind Snapchat posted revenue of $1.37 billion in the period, which also topped Street forecasts. Twelve analysts surveyed by Zacks expected $1.35 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNAP at https://www.zacks.com/ap/SNAP
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