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Benzinga

Business

Avi Kapoor

Snap Analysts Lower Their Forecasts After Q2 Results

Montreal,,Canada,-,March,20,,2016,-,Snapchat,Application,On

Snap Inc (NYSE:SNAP) reported better-than-expected second quarter sales on Tuesday.

Snap reported second-quarter revenue of $1.345 billion, up 9% year-over-year. The revenue total beat a Street consensus estimate of $1.344 billion according to data from Benzinga Pro. The company reported a loss of 16 cents per share, which was in line with estimates from analysts.

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