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Benzinga
Benzinga
Business
Adam Eckert

Snapchat's Stock Soars 60% On Q4 Earnings: What Investors Need To Know

SNAP Snapchat NYSE Snap Inc

Snap Inc (NYSE:SNAP) shares are soaring in after-hours trading after reporting fourth-quarter and full-year 2021 financial results.

What Happened: Snap reported quarterly revenue of $1.3 billion, which beat the $1.2 billion estimate. The company reported quarterly adjusted earnings of 22 cents per share, which more than doubled the estimate of 10 cents per share.

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