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02-07-2019, 04:16 AM
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Snap Inc. made long-awaited strides toward profitability, posting record quarterly revenue and narrowing its loss considerably on the back of a boom in online advertising.
The fourth-quarter results released late Tuesday sent Snap shares up more than 22% in after-hours trading, easing the pain of sizable stock losses incurred during a rough 2018 for the social-media company and its Snapchat app.
Some…
Source link (https://www.wsj.com/articles/snaps-revenue-jumps-loss-narrows-11549401100?mod=pls_whats_news_us_business_f)
More (http://ahlam1399.i234.me:8888/m/2019/02/07/snaps-revenue-jumps-loss-narrows-2/)
Snap Inc. made long-awaited strides toward profitability, posting record quarterly revenue and narrowing its loss considerably on the back of a boom in online advertising.
The fourth-quarter results released late Tuesday sent Snap shares up more than 22% in after-hours trading, easing the pain of sizable stock losses incurred during a rough 2018 for the social-media company and its Snapchat app.
Some…
Source link (https://www.wsj.com/articles/snaps-revenue-jumps-loss-narrows-11549401100?mod=pls_whats_news_us_business_f)
More (http://ahlam1399.i234.me:8888/m/2019/02/07/snaps-revenue-jumps-loss-narrows-2/)