Snap (NYSE:SNAP) Q2 Revenue $1.07 billion vs $1.06 billion Estimate

Snap (NYSE:SNAP) reported a Q2 non-GAAP loss per diluted share of $0.02, unchanged from last year.

Analysts polled by Capital IQ expected a normalized loss of $0.04 a share.

Revenue for the quarter ended June 30 was $1.07 billion, down from $1.11 billion a year ago.

Analysts surveyed by Capital IQ expected $1.06 billion.

For Q3, SNAP expects revenue of between $1.07 billion to $1.13 billion versus analysts’ consensus of $1.13 billion.

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