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“Snap pops more than 16% on earnings beat and user growth”

Snap’s stock jumped after the company reported Thursday its second-quarter earnings, beating expectations across the board for earnings, revenue and user growth.

Here’s what Snap reported versus Wall Street’s estimates:

  • Adjusted earnings per share: 10 cents vs. 1 cent loss forecast by Refinitiv
  • Revenue: $982 million vs. $846 million forecast by Refinitiv
  • Global daily active users (DAUs): 293 million vs. 290.3 million per StreetAccount
  • Average revenue per user (ARPU): $3.35 vs. $2.92 per StreetAccountt

Shares of Snap traded more than 16% higher before the bell on Friday…”

https://www.cnbc.com/2021/07/22/snap-snap-earnings-q2-2021.html

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