Snapchat parent soars 25% after beating revenue, user growth estimates

Snapchat parent soars 25% after beating revenue, user growth estimates

Shares in Snap jumped nearly 25% in on Friday after targeted ads and new features helped the owner of the photo messaging app beat Wall Street expectations for first-quarter revenue and user growth. The Snapchat parent now expects second-quarter revenue between $1.23 billion and $1.26 billion, above analysts’ estimates of $1.22 billion, according to LSEG … Read more