00:00It's Benzinga, and here's what's on the block.
00:03Snap reported third-quarter guidance that was below analysts' estimates, while earnings
00:06per share came in on target.
00:09Snapchat's monthly active users grew slightly above estimates.
00:12CEO Evan Spiegel said the company is making investments in infrastructure, personnel,
00:16and marketing that are impacting costs.
00:19Snap's second-quarter sales increased from the previous year, despite being impacted
00:22by a weaker brand advertising environment and specific consumer discretionary sectors.
00:27After-hours fell over 20 percent in after-hours trade.
00:30For all things money, visit Benzinga.com.
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