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Diewroy05- Posts : 1
Join date : 2023-07-26
Microsoft, Google and Snap report earnings
Wed Jul 26, 2023 12:25 am
Snap shares plunge 16% after posting second ever quarterly sales decline
Shares of Snapchat-parent Snap went tumbling as much as 16% in after-hours trading on Tuesday after the company reported a steep loss and its second ever decline in sales.
Snap posted a net loss of $377 million from the June quarter, an improvement from its $422 million net loss during the year-ago period but worse than the $66 million loss Wall Street analysts had projected.
Sales also fell nearly 4% from the prior year to $1.07 billion, its second consecutive decline in quarterly sales.
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Shares of Snapchat-parent Snap went tumbling as much as 16% in after-hours trading on Tuesday after the company reported a steep loss and its second ever decline in sales.
Snap posted a net loss of $377 million from the June quarter, an improvement from its $422 million net loss during the year-ago period but worse than the $66 million loss Wall Street analysts had projected.
Sales also fell nearly 4% from the prior year to $1.07 billion, its second consecutive decline in quarterly sales.
วิธีเล่นบาคาร่าออนไลน์
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