Snap surges above its IPO price after its big earnings beat

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Snap surges above its IPO price after its big earnings beat

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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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