=Snap (SNAP) reported earnings on Tue 7 Nov 17 (a/h)

• Nov. 7:  #15, 37

Snap beats by $0.01, misses on revs 

• Reports Q3 (Sep) loss of $0.14 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of ($0.15); revenues rose 62.2% year/year to $207.9 mln vs the $236.71 mln Capital IQ Consensus. 
• Daily active users (DAU) -- DAUs grew 4.5 mln (3%) Q/Q to 178 million vs. 183 mln estimates.
• Average revenue per user (ARPU) -- ARPU was $1.17 in Q3 2017, an increase of 39% over Q3 2016 when ARPU was $0.84. ARPU increased 12% over Q2 2017 when ARPU was $1.05. Hosting costs per DAU -- Hosting costs per DAU were $0.68 in Q3 2017, as compared to $0.64 in Q3 2016 and $0.61 in Q2 2017.
• "In Q3 2017, we recorded $39.9 million of charges related to Spectacles inventory, primarily related to excess inventory reserves and inventory purchase commitment cancellation charges."