Snapchat parent shies away from quarterly guidance, citing ‘headwinds’ - MarketWatch
1. Snap beat earnings expectations but cited advertising concerns. 2. Company reported a loss of 8 cents per share for the quarter. 3. First-quarter revenue rose 14% year on year to $1.36 billion. 4. Snap won't provide guidance due to economic uncertainty affecting advertising. 5. Daily active users increased 9% year on year to 460 million.