Shares of Snap Inc. (SNAP) are sliding more than 12 percent on Wednesday morning trade after the company reported net loss for the December quarter compared to profit last year.
The company reported fourth-quarter loss of $288.46 million or $0.18 per share compared to profit of $22.55 million or $0.01 last year. On an adjusted basis, earnings were $0.14 per share, down 38 percent from $0.22 per share a year ago.
Currently, shares are at $10.30, up 10.94 percent from the previous close of $11.56 on a volume of 40,904,301.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.