In 2017, the year it went public, Snap recorded a stock-based compensation expense of $2.6 billion, accounting for 77 percent of its net loss and more than three times the amount it generated in revenue. The business's quarterly revenue was up 62.2% compared to the same quarter last year. equities research analysts predict that Snap will post -3.03 EPS for the current fiscal year. Adjusted EBITDA was a loss of $158.9 million, compared to the adjusted EBITDA loss of $152.3 million in the year-ago quarter.
Shares in the social media company spiked Tuesday, rising 22 percent in after-hours trading. This is the first time Snap has beat market expectations since going public past year. The sales boost represented a 72 percent year-over-year increase. But the company's bet on Spectacles has been expensive, costing the company $40 million last quarter for "excess inventory".
To make its app more friendly with users and advertisers, Snap launched a redesigned app in November, splitting "friends" from content feeds.
"Our business really came together towards the end of past year and I am very proud of our team for working hard to deliver these results", saidSnapchat CEO Evan Spiegel in prepared remarks to Tuesday's earnings call. The company added just 4.5 million new daily users last quarter, down from the eight million analysts were looking for.
S.Africa's Zuma faces new no-confidence vote
Opposition parties have vowed to block Thursday's opening if parliament's presiding officers refuse their demand to postpone the session until MPs hold impeachment proceedings.
Snap is now locked in a fight for its life with Facebook, which copied its marquee Stories feature - and the accompanying selfie filters and masks - and inserted them into all of its major products: Facebook, Instagram, WhatsApp and Messenger.
Those design changes have put a bigger emphasis on user-to-user sharing, as opposed to content created by publishers and brands.
If you want to know how a company like Snap can lose nearly $3.5 billion in a year, look no further than stock rewards to engineers. However, much like Twitter before it, Snap has struggled to turn engaged users into cold hard cash.
Australia's Matt Ebden and John Peers are scheduled to play doubles on Saturday against Tim Puetz and Peter Gojowczyk. Hewitt claimed Kyrgios remained a future doubles option for Australia - but admitted it was easier said than done.
Cowen reaffirmed a "buy" rating and set a $100.00 price objective on shares of Valero Energy in a research report on Thursday. The stock spiked 2.04% last month and is up 3.02 this year. 728,774 were accumulated by Old Mutual Global Investors (Uk) Ltd.
The KNVB have also appointed Nico-Jan Hoogma, who was general manager at Eredivisie side Heracles Almelo, as director of football. Koeman won Euro 88 as a Netherlands player, part of a team that also included Ruud Gullit, Frank Rijkaard and Marco van Basten.
Apple initially agreed, and even extended that contract, but in 2016 it balked and began mixing Qualcomm and Intel parts. After losing the iPhone business, Qualcomm will be more aggressive in securing orders from Chinese smartphone vendors.
They also fear slippery slopes and know that the socialization of one industry could mean that theirs is next. And even then, insurers talk in terms of billing codes, while doctors deal with diagnoses and outcomes.
The Dow Jones industrial average dropped 500 points, or 2 percent, as a weeklong slump in stock market picks up speed. In Greater China, the Hang Seng Index was up 0.14%, while on the mainland, the Shanghai Composite Index rose 0.13%.
According to the message, 74 terrorists have been eliminated today and Operation Olive Branch is being successfully carried out. The other Turkish soldier was killed in missile attack at border post in the southern province of Hatay's Kilis.
Overall, the match turns out to be the biggest disaster for the South African Team and they all out in the score of 118 runs. David Miller was out for a duck, undone by a turner from Kuldeep to be caught at slip later the same over.
McMaster, who said there was already evidence of Russian meddling in Mexican elections scheduled for July. Secretary of State Rex Tillerson and Canada's Foreign Minister Chrystia Freeland in Mexico City .
Abner Herrman Brock Ltd Liability Corp owns 0.15% invested in Wells Fargo & Company (NYSE:WFC) for 14,975 shares. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.4.
Samsung Vice Chair Released From Jail On Appeal Against Bribery
In the past, Korean judges have been lenient toward chaebol chairmen on the basis of their importance to the national economy. Speaking in front of cameras in Seoul, Lee said his time behind bars had been a "really valuable" period of self-reflection.
Flawless 2018 release to create massive sales boost
A recent earnings report listed Pokemon for Nintendo Switch launching in 2018 or later, meaning that it hasn't been ruled out yet. That means the online functionality Switch owners now enjoy for free will be gated behind a paywall later this year.
SA score 269/8 in 1st ODI against India
This ODI series is an opportunity for India to register their first series win against Proteas in South Africa . Despite media's criticism of skipper Virat Kohli for skipping him in the two Tests, Rahane has done a good job.
H&M India sales almost double to Rs 955 crore in 2017
The first store will open on Drottninggatan in Stockholm in parallel with the launch of the digital marketplace in Sweden. The company plans to open 220 net stores in 2018 (390 new ones and 170 closings), which is well below last year's 388.