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Benzinga
Benzinga
Business
Avi Kapoor

Why Snap Shares Are Trading Higher By Around 20%; Here Are 20 Stocks Moving Premarket

Snap Revenue Beats

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.

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