Snap released on Wednesday its fourth-quarter earnings that beat on sales but missed on revenue guidance.
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Snap
shares were up over 5 percent in after-hours trading on Wednesday after the Snapchat-parent released fourth-quarter earnings that beat on sales. The company also announced a $500 million stock repurchase program.
Here is how the company did compared with Wall Street’s expectations:
The social media company said first-quarter revenue will be in the range of $1.50 billion to $1.53 billion, which is below analyst estimates of $1.55 billion.
Snap reported second-quarter earnings in which sales were basically in line with analysts' estimates while global average revenue…
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into…
Snap reported first-quarter earnings and provided cautious sales guidance while revealing it no longer has a deal with the…
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce in an effort to…
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
The company said it expects first-quarter sales to come in between $951 million to $971 million, trailing analyst estimates of…
