Snap Q1 Revenue $320.4 million ($307.4 million expected)
Earlier in April,
research firm Emarketer predicted that Snapchat's US userbase could shrink for the first time this year , as it faces sustained pressure from Facebook-owned Instagram, and suffers in the wake of a widely-criticized redesign in 2018. The results cross after 4 p.m. ET / 1 p.m. PT, and the company's stock is currently hovering around $12 a share — up more than 100% from lows of less than $5 around December 2018.Earnings per share : $-0.12 predicted, up 28.3% year-on-yearOperating profit: $-205.2 million predictedContact this reporter via encrypted messaging app Signal at +1 636-6268 using a non-work phone, email at rprice@businessinsider.
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