Snap Earnings Beats Big on Earnings

Snap beat on both revenue and earnings per share, marking one of its best earning reports to date. In after hours, Snap shares rocketed up after user growth was also reported as an increase. Revenue came in at 285.7 million compared to estimates of 253.2 million. Earnings per share came in at $0.13 compared to a significantly lower $-0.16. In this quarter, Snap added 8.9 million active users to reach a total of 187 million. And when it came to operating expenses, Snap lost $350 million compared to the $440 million they lost last quarter.

More In Business

Netflix’s ‘Roast of Tom Brady’ Was Well Done

A busy weekend at Netflix, culminating in the star-studded ‘Roast of Tom Brady,’ suggests the streamer is ready to compete with rivals like Amazon.

Tiny Homes Equal Big Results. Here’s Why You Should Consider Investing In One

For most, buying a home is a far-reaching goal. With high mortgage rates and low inventory, this CEO wants you to consider investing in a tiny home.

From Happy Meals to Footlongs, Get Ready for More Celebrity Food Deals

As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle

We Got Bad News and Good News: Weak Job Market, Better Stock Market

It was a lot harder than expected for the average worker to find a job in the past month. But that slowdown means long-promised rate cuts are coming.

April Jobs Report: Labor Market Cooling To A More Sustainable Pac

Gregory Daco, chief economist at EY breaks down April’s jobs report and what it means for the next few months

Big Business This Week: A 'Slow-Motion Murder' at Paramount, Tax Hikes (for the Rich) and is Walmart the New Whole Foods?

Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.

What Does Marijuana Reclassification Mean, Anyway?

The U.S. could pot-tentially deem marijuana as a less dangerous drug.

Federal Reserve Announces Its Decision on Interest Rates

Powell announced that the Fed will keep the interest rate at their current level of 5.25-5.5 percent, their highest for nearly 20 years.

Worried About Summer Gas Prices? Buy Energy Stocks

You could turn pain at the pump into a financial bump if you buy the dip on energy stocks, one analyst says.

With High Mortgage Rates, Is It Time to Consider a Tiny Home?

For most, buying a home is a far-reaching goal. With high mortgage rates and low inventory, it may be time to get creative and consider a tiny home.

Load More