Snap surges above its IPO price after its big earnings beat
Feb 7, 2018, 03:04 IST
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Snap shares skyrocketed as much as 29% Tuesday to more than $18 apiece in after hours trading, after the company beat Wall Street expectations.
The social media company posted an adjusted loss of $0.13, beating the $0.16 loss that was expected. Revenue came in at $285.7 million, beating the $252.8 million that Wall Street was anticipating.
This story is developing. More to come.
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