Snap surged 24% before the market opened. Q1 results exceeded expectations and Q2 guidance beat expectations.

Gelonghui April 26 | Snap, the parent company of the communication app that burns after reading, surged 24.12% to US$14.15 before the market opened.

Gelonghui, April 26 | Snap, the parent company of the communication app that burns after reading, surged 24.12% to US$14.15 before the market opened.
Snap announced its first-quarter results and said its adjusted EPS during the period was US$0.03. Analysts expected a loss of US$0.048 per share; Q1 revenue was US$1.19 billion, which was higher than analysts\’ expectations of US$1.12 billion.
The company expects second-quarter revenue of 1.23 billion to 1.26 billion U.S. dollars, which is also higher than the expected 1.21 billion U.S. dollars.

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