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Benzinga

Business

Dylan Berman

Snap Stock Is Falling Wednesday: What's Going On?

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

Snap Inc. (NYSE:SNAP) shares are trading lower on Wednesday after the company reported second-quarter financial results on Tuesday after the market closed.

What To Know: The company reported a loss of 16 cents per share, inline with the consensus estimate. In addition, Snap reported sales of $1.345 billion, beating the consensus estimate of $1.344 billion.

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One subscription that gives you access to news from hundreds of sites

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Florida Police Officer Accused of Taking Over Dead Man's Home, Suing Heirs for Renovation Costs

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