Snap shares jump after quarterly profit beats estimates

Investing.com -- Snap Inc (NYSE: SNAP) posted a better-than-expected profit for the fourth quarter sending its shares up more than 7% in after-hours trading.

The social media company reported earnings per share of $0.16, comfortably beating analysts’ estimates of a loss of $0.04. Revenue rose to $1.56 billion, slightly ahead of Wall Street expectations of $1.55 billion.

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