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Anushka Dutta

YOU WONT BELIEVE: Is snap snap a buy or sell this week - What They Never Told You

SNAP Snap Inc Snapchat Britain Internet

Snap Inc. (SNAP), the owner of the popular photo-messaging app Snapchat, has revealed projected third-quarter earnings that fall short of market expectations. The firm anticipates its revenue to lie between $1.07 billion and $1.13 billion, while analysts anticipated $1.13 billion.

In terms of daily active users, Street predicted an impressive 406.20 million for the third quarter. However, SNAP expects a slightly lower figure, with user numbers ranging from 405 million to 406 million.

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