00:00 It's Benzinga and here's what's on the block. Snap reported fourth quarter earnings after
00:04 market close on Tuesday with the stock plunging 30.4% in early trading on Wednesday. Adjusted
00:10 profit of 8 cents per share beat estimates but revenue of 1.36 billion dollars missed
00:14 forecasts rising only 5% year over year. Daily active users grew by 8 million to 414 million
00:20 total but growth slowed from prior quarters. DAU fell by 1 million in North America. Snap
00:25 forecasted first quarter revenue of 1.09 to 1.13 billion dollars below estimates and expects to
00:31 add only 6 million more DUAs this quarter. For all things money visit Benzinga.com
