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Home›Global Markets›Asia›Snap shares jump after earnings beat and strong sales…

Snap shares jump after earnings beat and strong sales outlook

CNBC reports Snap exceeded analysts' expectations in its second-quarter results and lifted its sales forecast, driving the stock gain.

Reported · Written up by our desk · Asia

Snap shares rose about 10% after the company posted an earnings beat for its second quarter and delivered a strong sales outlook, according to CNBC Markets and CNBC World.

CNBC said Snap beat analysts' estimates across the board in its earnings report, setting up the company for an upbeat near-term demand picture reflected in its forecast.

The stock reaction followed investors' focus on both the reported results and the outlook provided alongside the quarter.

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Sources

CNBC MarketsSnap's stock jumps 10% on earnings beat and strong sales forecast
CNBC WorldSnap's stock jumps 10% on earnings beat and strong sales forecast

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