
Shares of Snap Inc (NYSE:SNAP) rose sharply in pre-market trading after the company reported better-than-expected third-quarter financial results.
Snap reported quarterly losses of six cents per share, which beat the analyst estimate for losses of 12 cents. Quarterly revenue came in at $1.5 billion, which beat the analyst consensus estimate of $1.49 billion and was up from revenue of $1.37 billion from the prior year's quarter.