Investing.com - Social media company Snap added to regular-session gains post-market after beating analysts’ expectations on the top and bottom lines and on user engagement.
The Snapchat owner reported a loss of 10 cents a share for its first quarter, narrower than expectations of a loss of 22 cents per share, according to forecasts compiled by Investing.com. Revenue of $320.4 million topped expectations of $305.5 million.
The company’s daily active users (DAUs), its chief engagement metric, came in at 190 million, above estimates of about 187 million, according to Briefing.com.
Snap (NYSE:SNAP) shares rose 6.25% in after-hours trading to $12.75.
Shares closed at $12 during regular trading, up about 4% thanks to enthusiasm over Twitter's (NYSE:TWTR) quarterly numbers.