Jonathan Vanian / CNBC:
Snap Q2: revenue up 13% YoY to $1.11B, vs. $1.14B est., DAUs up 18% to 347M, vs. 344.2M est., net loss of $422M, up from $152M YoY; stock falls 25%+ after hours — – Snap missed on the top and bottom lines in its second-quarter earnings report. — The company authorized a stock repurchasing program of up to $500 million.
