Snap Inc (NYSE:SNAP) shares are trading higher by 10.05% to $9.14 Tuesday morning as the stock rebounds after falling following last week's third-quarter earnings report.
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What Happened?
Snap reported third quarter revenue of $1.128 billion, up 6% year-over-year. The total came in ahead of a Street estimate of $1.12 billion.
The company reported earnings per share of 8 cents in the third quarter, beating a Street estimate of a loss of 1 cent per share.
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