SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Snap Inc. (SNAP) on Wednesday reported a loss of $103.5 million in its third quarter.
On a per-share basis, the Santa Monica, California-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense, were 6 cents per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
The company behind Snapchat posted revenue of $1.51 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $1.49 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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