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Benzinga
Benzinga
Business
Henry Khederian

INSANE: Why snap shares are rising | Vintage Vibes

NYSE Snap Inc

Snap Inc (NYSE:SNAP) shares are trading higher by 53% at $37.50 Friday morning after the company reported better-than-expected fourth-quarter EPS and sales results and issued first-quarter sales guidance above estimates. The company also reported Daily Active Users increased 20% year over year.

Snap reported quarterly earnings of 22 cents per share which beat the analyst consensus estimate of 10 cents. The company reported quarterly sales of $1.30 billion which beat the analyst consensus estimate of $1.20 billion by 8%.

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