Snap misses revenue expectations, warns on second quarter outlook


FILE PHOTO A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange NYSE while waiting for Snap Inc. to post their IPO in New York City New York U.S. on March 2 2017. REUTERSLucas JacksonFile Photo

FILE PHOTO: A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, New York, U.S. on March 2, 2017. REUTERS/Lucas Jackson/File Photo

(Reuters) -Snap Inc on Thursday missed analyst expectations for quarterly revenue as changes to its advertising platform hurt demand for ads, and warned results in the next quarter could fall below Wall Street's targets.

Shares of Snap tumbled 19% in after-market trading.

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