Snap stock soars on first ever better-than-expected earnings

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Snap shares lifted 18 percent in after-hours trade to $16.62 following the fourth quarter update for the company known for its ephemeral smartphone messages and other online content.

Snapchat's daily active users rose to 187 million in the quarter ended December 31 from 178 million in the third quarter, beating analysts' average expectation of 184.2 million users, according to financial data and analytics firm FactSet. Snap reported a net loss of $350 million for the quarter. Finally, Cowen lowered Snap from a "market perform" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $11.00 in a research report on Thursday, January 4th. That means Snap is trading right around the price that it sold for during its IPO of $17. This represented 4.5 million new DAUs, or growth of about 17% year-over-year, but just 3% sequential growth. It was Snap's fourth quarterly earnings as a public company. The business had revenue of $207.90 million during the quarter, compared to the consensus estimate of $236.71 million. Earlier, they rose 1.5 percent to close at $14.06 in NY.

Supersampling, UI Updates, and More
Some new things have been added to the quick menu and you can now play background music while playing games on PlayStation Now . If PS Plus membership is expired, a PS Plus icon with a lock will appear next to the games until users have re-subscribed.

Analysts have been paying close attention to Snap's user growth, which has slowed since the company went public in March 2017. Spiegel said in prepared remarks that were released alongside today's earnings that "Our business really came together towards the end of previous year". However, even if it hits that number, it would still represent the sixth straight quarter of year-over-year revenue growth deceleration.

Among other features, the redesign promised to have a clearer delineation between content from friends and content from publishers.

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The real Justin Timberlake will not use a Prince hologram. "So the answer is yes, there will be unreleased Prince music coming soon", Carter added.

If Snap can make real revenue for media companies, they'll be more likely to partner with Snap on things like shows or stories down the line.

Spiegel warned in November that the redesign could be disruptive to Snap's business in the short term, so it will be interesting to see if the company provides any color as to how the rollout is going so far.

Southwestern Energy Company (NYSE:SWN) - Market Cap to Track
On average, equities research analysts anticipate that Valero Energy Partners LP will post $3.15 EPS for the current fiscal year. Investors sentiment decreased to 1 in Q3 2017. (NASDAQ:GBDC) is worth US$1.09 Billion and has recently risen 0.66% to US$18.29.

"Snap benefited from some of the seasonality that's expected during the holidays as advertisers heavy up but also saw some new brands come in and test the platform", Goldman says.

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