Snap shares soar on better-than-expected profit and revenue
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Snap Inc. reported better-than-expected fourth-quarter results, with a 14% increase in revenue compared to the previous year. This led to a surge in Snap's stock during extended trading.
February 04, 2025 | 9:30 pm
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Snap Inc. reported a 14% increase in revenue for the fourth quarter, surpassing expectations and causing a surge in its stock price during extended trading.
The better-than-expected revenue growth of 14% indicates strong business performance, which is a positive signal for investors. This has led to a significant increase in Snap's stock price during extended trading, suggesting a positive short-term impact.
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