Snap plunges on first-quarter revenue miss

Snap shares dropped as much as 20% after hours on Thursday as the company reported

that missed analysts’ expectations on revenue.

Here’s how the company did:

• Earnings per share: 1 cent, adjusted, vs. a loss of 1 cent expected, according to a Refinitiv survey of analysts
• Revenue: $989 million vs. $1.01 billion expected, according to Refinitiv
• Global Daily Active Users (DAUs): 383 million versus 384 million expected, according…