LIVE: Snap earnings
Snapchat maker Snap Inc. is set to report its second quarter earnings after the close of regular trading on Thursday.
Snap's stock has fallen off a cliff since its hotly anticipated initial public offering earlier this year. Investors are worried the app maker won't be able to grow its ad business in the face of mounting competition from Facebook.
Also weighing on the stock: Employees will also be able to sell their shares on the public market for the first time next week, presenting an ultimate test of confidence in the company.
Business Insider will be covering Snap's second quarter results live. Stay tuned for more.
Here are the expected numbers for Snap's Q2 earnings, based on analyst projections compiled by Bloomberg:
- Revenue: $189 million, up from $71.8 million in the year-ago period.
- Earnings (adjusted): loss of $0.15 a share.
This story is developing. Check back for updates.
Get the latest Snap stock price here.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit