Snap Inc. (SNAP - Free Report) outperformed expectations in its Q1 earnings report this afternoon, with a 10-cent loss per share 2 cents stronger than anticipated. This marks 30+% growth from its bottom line in the year-ago quarter. Revenues of $320 million surpassed the $306.3 million analysts were looking for. This represents 39% growth year over year, and accelerating from +36% growth the previous quarter.
Daily Active User (DAU) numbers also impressed Snap analysts, posting 190 million DAUs -- up from the 187 million expected and 186 million from the previous quarter. Average Revenue per User rose to $1.68 in Q1. Although earnings guidance for the full-year doesn't seem to share the benefits of these quarterly numbers; perhaps this is the reason SNAP shares rocketed up 12% upon the initial release, but have trimmed down to about 5% gains after hours at this stage.
Texas Instruments (TXN - Free Report) , a chip-maker with usage in a wide range of components, also outperformed estimates on both top and bottom lines after today's closing bell. The Zacks Rank #3 (Hold)-rated Semiconductor play posted $1.26 per share, better than the $1.13 in the Zacks consensus. Revenues surpassed expectations as well, with $3.59 billion outpacing the $3.48 billion estimated.
Beating earnings estimates is nothing new for Texas Instruments; the last quarterly miss for the company was back in Q1 of 2015. Improvements were bolstered by strong sales in Analog, and the company's forecast for Q2 earnings boosted to a range of $1.12-1.32 per share. TXN stock is up 4% on the news.
Zacks Rank #3-rated eBay Inc. (EBAY - Free Report) reported 67 cents per share in its Q1 earnings release after Tuesday's close, up more than 20% year over year and better than the 63 cents expected. Revenues of $2.6 billion outdid the $2.58 billion in the Zacks consensus. The Internet retail staple generated $368 million in free cash flow for the quarter, while buying back $1.5 billion is stock and giving out $125 million in cash dividends to shareholders. Shares are up 5.66% after regular trading hours.
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