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(Reuters) – Chief Financial Officer Tim Stone will be leaving Snap Inc (SNAP.N) less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year. Shares of Snap dropped 8 percent to $6.02 in after market trading. Stone’s departure is not related to any disagreements with the company, which owns popular photo messaging app Snapchat, Snap said in a filing bit.ly/2McCRIt. Snap has faced high-profile troubles recently as it continues to grapple with a widely-panned redesign of the Snapchat app, which was attributed to a decline in Snapchat users over the past two quarters personalised cufflinks for daddy.
It has also struggled with high turnover in its top ranks. Former Chief Strategy Officer Imran Khan and Vice President of content Nick Bell left the company in September and November, respectively. Snap also said in the filing it expects to report fourth quarter revenue and adjusted earnings before interest, taxes, depreciation and amortization near the top end of its guidance personalised cufflinks for daddy. The company previously said it expected fourth quarter revenue between $355 million to $380 million. Stone will remain at Snap to help with the transition and the company’s fourth quarter earnings call on Feb. 5, said Snap Chief Executive Evan Spiegel in a memo to employees on Tuesday, seen by Reuters..
CHICAGO (Reuters) – Delta Air Lines Inc (DAL.N) and United Airlines (UAL.O) kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond. The profit beats boosted airline shares in after-hours trading, with United Continental Holdings up nearly 6 percent, while Delta rose 1 percent. Shares of American Airlines Group (AAL.O) and Southwest Airlines Co (LUV.N) also rose, up 2.4 percent and 1.4 percent, respectively personalised cufflinks for daddy.
However, No. 2 U.S. carrier Delta warned of a fall in revenue growth in the current quarter due to lost government business and of difficulties in introducing new aircraft because of the U.S. government shutdown that has dragged into a fourth week personalised cufflinks for daddy. United said it had placed orders for four Boeing 777-300ER aircraft and 24 737 MAX planes, though the commercial use of new planes could be delayed as non-essential work at the Federal Aviation Administration, which is responsible for certifying new aircraft, remained on hold due to the shutdown..
The FAA said on Tuesday it is calling back 1,700 aviation safety inspectors, but does not have immediate plans to recall employees who handle certifications of new aircraft. “There continues to be growing concerns around the macro environment with the government shutdown and slowing economies in Europe and Asia,” Cowen and Company analyst Helane Becker said. Delta Chief Executive Ed Bastian said the shutdown will cost about $25 million per month due to reduced government travel and related effects. He said the company has not seen any impact on corporate travel or bookings, which overall look healthy through the U.S. spring break period personalised cufflinks for daddy.