Snap Inc. Shares Dive After Mixed Q4 Earnings Report

Shares in social media firm Snap Inc. plunged as much as 30% in after-hours trading following the company’s release of muted fourth-quarter results. The SnapChat parent’s numbers were roughly in line with Wall Street analysts’ expectations, making the stock movement all the more intriguing. Adjusted earnings of 8 cents a share nipped forecasts for 6 cents, while revenue of $1.36 billion fell just shy of the consensus of $1.38 billion. The financials, and a 10% year-over-year uptick in daily active users to ...