Snapchat parent company Snap announces its Q1 2019 earnings after markets close on Tuesday.
Earlier in April,
research firm Emarketer predicted that Snapchat's US userbase could shrink for the first time this year , as it faces sustained pressure from Facebook-owned Instagram, and suffers in the wake of a widely-criticized redesign in 2018. The results cross after 4 p.m. ET / 1 p.m. PT, and the company's stock is currently hovering around $12 a share — up more than 100% from lows of less than $5 around December 2018.Earnings per share : $-0.12 predicted, up 28.3% year-on-yearOperating profit: $-205.2 million predictedContact this reporter via encrypted messaging app Signal at +1 636-6268 using a non-work phone, email at rprice@businessinsider.
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