Snapchat Earnings Disappoint With Slow User Growth, Lower-Than-Expected Revenue | $SNAP, $TSLA, $X, $ WFM and More

1. PFE, SGMO: $SGMO Sangamo shares jump on Pfizer $PFE collaboration, quarterly results – MW

2. RELY:  $RELY Real Industry Reports Fiscal 2017 First Quarter Results – BW

3. PEGA:  $PEGA Pegasystems Tops Q1 EPS by 16c, Beat on Revenues – SI

4. XON:  $XON Intrexon Announces First Quarter 2017 Financial Results – PRN

5. WFM:  $WFM Whole Foods Overhauls Board; Vows Big Changes – WSJ

6. MRK:  $MRK Merck boosted by FDA approval for Keytruda use with chemo – FT

7. LXRX:  $LXRX Lexicon Reports Additional Positive Data From Phase 3 inTandem1 Study For Sotagliflozin – SI

8. FOXA:  $FOXA 21st Century Fox hit by lack of blockbusters – BBC

9. X:  $X U.S. Steel CEO Steps Down Two Weeks After Earnings Miss – BBG

10. PBH:  $PBH Prestige Brands Misses Q4 EPS by 1c; Guides In-Line – SI

11. PRXL:  $PRXL Starboard Value LP Shows New 5.7% Stake in Parexel International Corp – SI

12. PRXL: $PRXL Starboard Value LP Shows New 5.7% Stake in Parexel International Corp – SI

13. AIG: $AIG After tumultuous 6 months, AIG plans to name Brian Duperreault as next CEO – WSJ

14. ASIX: $ASIX AdvanSix Tops Q1 EPS by 45c, Sales Beat – SI

15. STRP, VZ: $STRP Verizon $VZ Wins Bidding War for Straight Path Communications – WSJ

16. ABR:  $ABR Arbor Realty Trust Commences 9.5M Common Stock Offering – SI

17. SYMC:  $SYMC Symantec Falls 7%: CEO Clark Clarifies Cloud Impact on Revenue Forecast Barron’s

18. CNAT:  $CNAT Conatus Pharmaceuticals Plans Offering of Common Stock – SI

19. MNKD:  $MNKD MannKind Corporation Reports 2017 First Quarter Financial Results – GN

20. STRP, VZ:  $STRP Verizon $VZ Wins Bidding War for Straight Path Communications – WSJ

21. SNAP:  $SNAP Snapchat Earnings Disappoint With Slow User Growth, Lower-Than-Expected Revenue – Variety

1. CAT:BofA upgrades CAT on sales momentum

2. INCR:INC Research upgraded from neutral to outperform at Baird. Price target raised by $20 to $66. $INCR 5/10 close: 52.…

3. OMF:OneMain Holdings +0.75% after two-notch upgrade

4. SNAP:Oppenheimer upgrades Snap to Outperform amid post-earnings selloff $SNAP

1. AMRI:MS downgrades $amri to equal weight this morning.

2. BFR:Credit Suisse Downgrades Bbva Banco Frances SA to Hold $BFR

3. HD:Home Depot downgraded at record high

4. KEY:Keyera Corp. was Downgraded to a Hold Rating at AltaCorp Captial $KEY

5. MRO:BofA/Merrill Lynch Downgrades Marathon Oil $MRO to Neutral

6. NGG:Berenberg Downgrades National Grid $NGG to Hold Citing Lack Of Catalysts

7. PNNT:JMP Securities Downgrades PennantPark Investment $PNNT to Market Perform

8. TEX:BofA/Merrill Lynch Downgrades Terex $TEX to Underperform

1. HIMX:$HIMX reports FQ1 earnings of 1c EPS and $155.21M Revs –

2. PBH:$PBH reports FQ4 earnings of 54c EPS and $240.70M Revs –

3. OA:$OA reports FQ1 earnings of $1.23 EPS and $1.09B Revs –

4. VSTO:$VSTO reports FQ4 earnings of 21c EPS and $578.75M Revs –

5. CRNT:$CRNT reports FQ1 earnings of 1c EPS and $76.02M Revs –

6. TEVA:$TEVA reports FQ1 earnings of $1.06 EPS and $5.63B Revs –

7. CORI:$CORI reports FQ2 earnings of -42c EPS and $7.35M Revs –

8. CORI:$CORI reports inline with the Estimize EPS Consensus and beats the Estimize Revenue Consensus by $1.20M –

9. FLY:$FLY reports FQ1 earnings of 34c EPS and $79.27M Revs –

10. KSS:$KSS reports FQ1 earnings of 39c EPS and $3.84B Revs –

11. DDS:$DDS reports FQ1 earnings of $2.12 EPS and $1.42B Revs –

12. MGA:$MGA reports FQ1 earnings of $1.53 EPS and $9.37B Revs –

13. SNAK:$SNAK reports FQ1 earnings of -13c EPS and $49.62M Revs –

1. SNAP:$SNAP

2. CRK:[RE: $CHK $CRK $XCO VINE]: [2] thanks to Frac Tech — the estimate is now ~4X that of the initial 2010 estimate; and that matters, folks

3. CORI:$CORI Positive Preliminary Results in Alzheimer’s Clinical Study Once-Weekly Corplex™ Donepezil Patch Achieves Bioequivalence to Aricept®

4. DDS:Dillard’s beats by $0.10, misses on revenue #premarket $DDS

5. M:@LaMonicaBuzz I’m looking forward to $M using the word Omni-channel a lot.

6. KSS:Kohl’s beats by $0.10, beats on revenue #premarket $KSS

7. DJIA:Boring Days Historically Lead to Solid Yearly Gains $SPX $DJIA $COMP #stocks #market…

8. CNAT:Hearing $CNAT priced 5.1m shares at $5.50

9. STRP:$STRP acquired for $184/sh…oops for all over bid bets above 250…

10. QURE:#uniQure Announces Successful Readministration of Gene Therapy in Non-Human Primates: $QURE

11. CHK:[RE: $CHK $CRK $XCO VINE]: [1] just saw the USGS’ updated est of undiscovered, technically recoverable resource in the H’ville and Bossier

12. BA:$BA

1. j l on Twitter

2. XBiotech No. 2 Executive Resigns, Leaving Struggling Biotech Without Top Operations Chief

3. Verizon to enter definitive agreement to buy Straight Path for $184 per share

1. Emmanuel Macron’s team created dozens of false email accounts, complete with phony documents, to confuse hackers

to tell them they were being targeted In December after the former investment banker and finance minister had emerged as easily the most and Union candidate in the presidential race they began receiving phishing emails.

only good news is that this activity is now commonplace and the general population is so used to the idea of a Russian hand behind this that it backfired on them said John Hultquist the director of cyberespionage analysis at FireEye the Silicon Valley security firm.

One purported to detail the purchase of the stimulant mephedrone sometimes sold as salts by a Macron campaign staffer who allegedly had the drugs shipped to the address of National Assembly.

2. What a hoot! We’re welcoming @OwlchemyLabs to Google.

We care a lot about building and investing in compelling and interactive virtual reality experiences and have created many of our YouTube Street View and Photos on Daydream to Google Earth VR and Tilt Brush.

They created games like Job Simulator and Rick and Morty Virtual which have really thoughtful interactive experiences that are responsive intuitive and feel natural.

Together we be working to create engaging immersive games and developing new interaction models across many different platforms to continue bringing the best VR experiences to life.

3. Amazon. Apple. Google. Starbucks. She’s taken them all on. So who’s next?

When the panelists sat down she uncapped water bottles for them when the moderator conducted a set of quick audience polls she took photos of upraised hands when Dombrovskis talked about industry she twisted in her chair to listen to every word not looking away from him once.

With the research capacities of a staff Vestager makes decisions related to cartelization and antitrust approves or rejects mergers and investigates state aid cases in which member countries single out companies for unfair advantages such as tax breaks.

When Anthony Gardner worked for GE Capital in the early the commissioner Mario Monti spiked merger with Honeywell International Welch had thought this was a political could slam his fist on the table and threaten retaliation.

4. The Macron campaign was so much more sophisticated than the Clinton campaign in terms of infosec

to tell them they were being targeted In December after the former investment banker and finance minister had emerged as easily the most and Union candidate in the presidential race they began receiving phishing emails.

only good news is that this activity is now commonplace and the general population is so used to the idea of a Russian hand behind this that it backfired on them said John Hultquist the director of cyberespionage analysis at FireEye the Silicon Valley security firm.

One purported to detail the purchase of the stimulant mephedrone sometimes sold as salts by a Macron campaign staffer who allegedly had the drugs shipped to the address of National Assembly.

5. BREAKING: $SNAP shares extend losses in after-hours, now down 20% after first earnings report

Amid trouble at Facebook and Google unprofitable underdog Snapchat aims for engagement As the company behind the viral ephemeral messaging app and Spectacles glasses Snap IPO was the biggest technology offering since Alibaba.

We made good progress this quarter improving the performance and quality of our Snapchat application especially on Android which has helped result in increased net user adds and engagement Khan told CNBC.

Snap should have set its expectations lower Art Hogan chief market strategist at Wunderlich Securities told CNBC Closing Bell on Wednesday.

6. When Jeff Bezos visits Britain, there’s just one Amazon investor he meets regularly

The duo switched to investment management the following year when they saw an opportunity to lend money to Malaysian and Sri Lankan rubber plantations providing tires for new Model The firm soon branched out backing railroads in the and then automakers and steel mills the growth stocks of th Century America.

The Scottish firm is a major backer ofRocket Internet SE the controversial technology incubator run by entrepreneurOliver Samwerand his brothers thatarefamous for copying the business models of Silicon Valley startups.

Baillie Gifford understood Nvidia as a way to bet on the growth of artificial graphics processing units are in high demand for machine learning Slater said the firm was concerned about the vagaries of tech hardware investing.

7. Developers ask 8,000 questions a day on Stack Overflow. What tech do they ask about the most & how has that changed?

8. Evan Spiegel’s investors gave him a huge bonus for taking Snap public

He thinks that running a public company is what you do if you want to be a real Titan of Industry like Barry Diller.

official explanation from its filing It will him to continue growing our business and improving our financial results so that we could undertake an initial public offering which we regard as an important milestone that will provide liquidity to our stockholders and.

Our board of directors approved the award to Spiegel in July to motivate him to continue growing our business and improving our financial results so that we could undertake an initial public offering which we regard as an important milestone that will provide liquidity to our stockholders and.

9. Burning $2 M/day w negative -9% gross margin is not “business”; it’s some delusional form of commercial immolation

Snap uses the and websites as means of disclosing material information and for complying with its disclosure obligation under Regulation FD.

Additionally we believe that Free Cash Flow is an important measure since we use infrastructure partners to host our services and therefore we do not incur significant capital expenditures to support revenue generating activities.

We are presenting the measures of Adjusted EBITDA and Free Cash Flow to assist investors in seeing our financial performance through the eyes of management and because we believe that these measures provide an additional tool for investors to use in comparing our core financial performance over multiple periods with other companies in our industry.

10. Instagram Stories now ~34 million (~20%) more daily users than Snapchat:

The company which makes the popular messaging app Snapchat reported revenue of million.

also a cost item billion in compensation which the filing explains as recognition of expense related to RSUs with a performance condition satisfied on the effectiveness of the registration statement for our initial public.

The company will hold a call with analysts and investors at pm ET to provide some more context and be listening in and liveblogging the event click here.