These Analysts Cut Their Forecasts On Snap Following Q1 Results

1. Snap's Q1 revenue reached $1.36 billion, a 14% year-over-year increase. 2. Adjusted loss per share was 8 cents, beating estimates of 13 cents. 3. 460 million daily active users and 900 million monthly active users reported. 4. Share price dropped 14.7% post-earnings report to $7.75. 5. Analysts adjusted price targets; some lowered expectations for SNAP.