Snap Guidance Dampens Enthusiasm from Record Q3 Sales and DAUs

Snap (NYSE: SNAP) has been performing very well in 2019 with its stock price up more than 173% heading into the release of its third-quarter earnings report on Tuesday. The company has been making a lot of progress and growing its user base, thanks in large part to a redesign of its Android app. The efforts helped Snap hit more than 200 million daily active users (DAUs) last quarter. In Q3, the company continued to build on that progress with even stronger numbers. Let's take a closer look at the report and the guidance for Q4.

Overall, Snap did a great job on all of its key metrics. Not only were its losses slightly less than what analysts were expecting, but revenues of $446 million came in a full 2.5% higher than the $435.1 million that had been forecast. That number was also 50% higher than a year ago.

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Source Fool.com