Snap shares jump 10% on profit beat, stock buyback
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024.Andrej Sokolow | Picture Alliance | Getty ImagesSnap reported better-than-expected third-quarter results on Tuesday but issued light fourth-quarter guidance. The stock jumped more than 10% in extended trading.Here is how the company did:Earnings per share: 8 cents adjusted vs. 5 cents expected, according to LSEGRevenue: $1.37 billion vs. $1.36 billion expected, according t...
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