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Snap, NVIDIA Fall After-Hours Following Q2 Earnings

Snap, Inc. SNAP further advances into the turmoil of its publicly traded existence, further tumbling after-hours following its second-ever quarterly earnings report. A bottom-line loss of 36 cents per share (accounting for stock-based compensation and other BNRI) on sales of $181.7 million missed the -29 cents per share and $186.9 million, respectively, in the Zacks consensus estimate. Average revenue per user ($1.05) coming in lower than anticipated was a main reason for the miss. Global daily active users passed 172 million in Q2, but this wasn't enough to keep SNAP shares from sliding 11% in the...