Snap rises after beating quarterly revenue estimates
SNAP•Q3 outlook and user growth
Snap expects Q3 revenue between $1.70 billion and $1.74 billion, with the midpoint above estimates of $1.70 billion.
Daily active users increased about 5% to 493 million in Q2.
Shares rise after Q2 revenue beat
Social media firm Snap's SNAP.N shares rose 10.7% to $5.58 in extended trading after the company beat quarterly revenue estimates.
- SNAP's Q2 revenue jumped around 19% to $1.60 billion versus analysts' average estimate of $1.54 billion, according to data compiled by LSEG.
- As of Monday's close, the stock was down 37.4% year to date.
