Photo-sharing platform Snap Inc. (NYSE: SNAP) reported a double-digit revenue growth for the first three months of 2020, despite facing pandemic-related disruptions in the latter part of the quarter. The company’s stock closed Tuesday’s regular trading lower, but gained during the extended session. The bottom-line missed estimates, while revenues beat.
On an adjusted basis, the company reported a loss of $0.08 per share, compared to a loss of $0.10 per share in the first quarter of 2019. Unadjusted loss narrowed to $305.9 million or $0.21 per share from $310.4 million or $0.23 per share last year. At $462 million, first quarter revenue was up 44% year-over-year. There was a 20% growth in daily active users.
Shares of Lyft Inc. (NASDAQ: LYFT) were up 8% in afternoon hours on Wednesday. The stock has gained 53% over the past 12 months and 25% since the beginning of
Department store chain Target Corp. (NYSE: TGT), which has been thriving on the pandemic-driven shopping boom since early last year, maintained its strong performance during the holiday season and entered
Dollar Tree (NYSE: DLTR) reported fourth-quarter financial results before the opening bell on Wednesday. The discount store reported a 7% increase in Q4 net sales to $6.7 billion. The company