SANTA MONICA, Calif. (AP) — SANTA MONICA, Calif. (AP) — Snap Inc. (SNAP) on Tuesday reported a loss of $248.2 million in its fourth quarter.

On a per-share basis, the Santa Monica, California-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The company behind Snapchat posted revenue of $1.36 billion in the period, which did not meet Street forecasts. Twelve analysts surveyed by Zacks expected $1.39 billion.

For the year, the company reported a loss of $1.32 billion, or 82 cents per share. Revenue was reported as $4.61 billion.

For the current quarter ending in March, Snap said it expects revenue in the range of $1.1 billion to $1.14 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNAP at https://www.zacks.com/ap/SNAP