Snap shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Also, the company reported a year-over-year increase in Q1 daily active users.
Portfolio Pulse from Benzinga Newsdesk
Snap Inc. shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also provided Q2 revenue guidance that surpassed estimates and reported a year-over-year growth in Q1 daily active users.
April 26, 2024 | 11:44 am
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Snap Inc. reported better-than-expected Q1 financial results, issued Q2 revenue guidance above estimates, and saw a year-over-year increase in Q1 daily active users.
The positive financial results and optimistic revenue guidance for Q2 indicate a strong performance and potential for growth, which is likely to positively impact investor sentiment and Snap Inc.'s stock price in the short term.
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