Snap Inc. reported quarterly growth in users and revenue, indicating the company is managing to carve out a larger role for its messaging app even in the face of strong competition. Yet the stronger revenue in the important December quarter fell short of analysts’ expectations, and investors sent shares tumbling more than 10% in after-hours trading Tuesday. Wall Street analysts also expected a slightly stronger first-quarter outlook.

Source: Wall Street Journal February 04, 2020 21:16 UTC