LIVE: Snapchat reports earnings
Snap, parent company of the popular messaging app Snapchat, is due to report first quarter earnings after the bell on Tuesday.
The company needs some sort of win here. For months, most of the news coming out of Snap has been bad. The company has seen three rounds of layoffs, the recent redesign of Snapchat was largely rejected by users and an error led to the running of ad on the platform that made it appear the company was mocking domestic-abuse victims.
Here's what analysts are expecting from the Venice, CA-based Snap:
- A loss of 17 cents per share
- Revenue of $243.55 million
For the same quarter last year, Snap reported a loss of 20 cents per share on revenue of $149.65 million. Shares of Snap are down 33% since its February high of $21.22.
Business Insider will be updating this page frequently to bring the most up-to-date info.