Snap shares are up over 150% this year, reflecting a return of user and revenue growth.
$435.1 million expected, according to Refinitiv$2.10 expected, according to FactSet
After a rough 2018, Snap has bounced back this year. In the second quarter, the company reported better-than-expected results across the board, as daily active users jumped to 203 million from 190 million in the prior quarter. It was Snap's second straight quarter of user growth following shrinkage from the first quarter through the third quarter of last year.
Snap's rally in 2019 has lifted the stock closer to its $17 IPO price from 2017. The shares sank as low as $4.99 on Dec. 21, and are now back over $14. Analysts are projecting 46% sales growth, which would mark an acceleration from 43% in the same period a year earlier. In addition to a resurgence in user and revenue growth, Snap has announced a new gaming platform, new original shows, an ad network, more augmented reality features and a new version of its Spectacles smart glasses. However, the company has continued to lose hundreds of millions of dollars a quarter, largely because of heavy stock-based compensation.
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